Is Dunedin, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Dunedin has remained a Seller's Market.
Key Takeaway
Dunedin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dunedin, FL
How much do homes in Dunedin, FL cost?
Median Sold Price
$431,956
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dunedin have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Dunedin was $431,956 in May 2024, up 2.9% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $196K | $165K | -15.8% |
| 2 Bedrooms | $300.7K | $315K | +4.8% |
| 3 Bedrooms | $530K | $575K | +8.5% |
| 4 Bedrooms | $705K | $710K | +0.7% |
| 5+ Bedrooms | $867.5K | $1.1M | +35.4% |
Summary: Dunedin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 35.4%.
Median Sold Price Compared To Nearby Cities
| Clearwater Beach | $784.2K | $865K | +10.3% |
| Palm Harbor | $399.7K | $432.9K | +8.3% |
| Dunedin | $419.9K | $431.9K | +2.9% |
| Clearwater | $356.4K | $356.2K | -0.1% |
Housing Supply in Dunedin, FL
How many homes are available in Dunedin, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 410 | 382 | -6.8% |
Summary: The Dunedin real estate market had 382 homes for sale in May 2024, a 6.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 42 | +2.4% |
| 2 Bedrooms | 201 | 184 | -8.5% |
| 3 Bedrooms | 124 | 115 | -7.3% |
| 4 Bedrooms | 33 | 32 | -3.0% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Dunedin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.4%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 83 | 75 | -9.6% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dunedin, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in Dunedin in May 2024, down by 9.6% month-over-month. Of the 75 sold homes, 73% were sold under asking, 16% were sold at asking, and 11% were sold over asking.
Days on Market for Dunedin, FL
How long does it take to sell a home in Dunedin, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 43 Days | +21.5% |
Summary: Homes in Dunedin had an average of 43 days on market in May 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dunedin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 75 homes were sold in Dunedin; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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