Is Bradenton, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bradenton was a Seller's Market.
Key Takeaway
Bradenton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bradenton, FL
How much do homes in Bradenton, FL cost?
Median Sold Price
$455,042
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bradenton have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Bradenton was $455,042 in May 2024, up 3.4% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $131.8K | -17.6% |
| 2 Bedrooms | $320.1K | $310K | -3.2% |
| 3 Bedrooms | $478.5K | $480.1K | 0.4% |
| 4 Bedrooms | $630K | $625.5K | -0.7% |
| 5+ Bedrooms | $801K | $719K | -10.2% |
Summary: Bradenton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Bradenton | $440.2K | $455K | +3.4% |
| Myakka City | $624.9K | $626.1K | 0.2% |
| Ellenton | $411.3K | $360K | -12.5% |
Housing Supply in Bradenton, FL
How many homes are available in Bradenton, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3,096 | 3,073 | -0.7% |
Summary: The Bradenton real estate market had 3,073 homes for sale in May 2024, a 0.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 79 | 82 | +3.8% |
| 2 Bedrooms | 1,056 | 1,047 | -0.9% |
| 3 Bedrooms | 1,215 | 1,191 | -2.0% |
| 4 Bedrooms | 587 | 587 | 0.0% |
| 5+ Bedrooms | 159 | 166 | +4.4% |
Summary: The Bradenton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 523 | 490 | -6.3% |
Asking Price vs. Sold Price
316 Homes Were Sold
Under Asking
143 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bradenton, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 490 homes were sold or pending in Bradenton in May 2024, down by 6.3% month-over-month. Of the 490 sold homes, 64% were sold under asking, 29% were sold at asking, and 6% were sold over asking.
Days on Market for Bradenton, FL
How long does it take to sell a home in Bradenton, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 62 Days | +27.9% |
Summary: Homes in Bradenton had an average of 62 days on market in May 2024, up by 27.9% compared to last year.
Breakdown of Home Sale Times
207 Homes Were Sold
Under 30 Days
164 Homes Were Sold
In 30 - 90 Days
119 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bradenton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 490 homes were sold in Bradenton; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.