Runaway Bay Home Values

Runaway Bay's housing stock splits into two distinct camps: a wave of 2024-2025 new construction delivering three- and four-bedroom homes on quarter-acre lots with granite islands, open floor plans, and covered porches in the low-to-mid $300s, and an older generation of 1970s-through-2000s customs scattered along the former golf course and waterfront. Lakefront properties command steep premiums, often arriving fully furnished with private docks. You'll also find townhouse-style condos near the marina and a deep inventory of vacant lots priced under $45K for buyers who want to bring their own builder.

Homes in Runaway Bay are taking meaningfully longer to reach the closing table — the most recent quarter's closings logged a median of roughly 110 days on market, up from the trailing-year median of about 89 days. Based on MLS data for the most recent closings in Runaway Bay, price per square foot nudged higher to the low-$170s, a directional lift from the annual pace, though the limited sample of about two dozen closings warrants caution. Sellers gave back slightly less than five cents on the dollar at closing, and roughly a third of transactions included a concession averaging around $8,400.

The pipeline in Runaway Bay tells a notably slower story heading into summer. Pending contracts have thinned to a dozen against an active inventory of more than 120 homes — a ratio that, combined with roughly 14 to 15 months of supply, points to a market where homes are sitting well before finding a buyer. New listing activity continued to add supply during the quarter, further widening the gap between available homes and active buyers. Directionally, the data suggests demand absorption in Runaway Bay remains well below the pace needed to tighten supply.