Is Redington Shores, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Redington Shores was a Seller's Market.
Key Takeaway
Redington Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Redington Shores, FL
How much do homes in Redington Shores, FL cost?
Median Sold Price
$725,000
$579/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Redington Shores have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Redington Shores was $725,000 in April 2024, down 3.3% from last year, and the median price per square foot was $579.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $455K | $570K | +25.3% |
| 2 Bedrooms | $722.4K | $600K | -16.9% |
| 3 Bedrooms | $975K | $760K | -22.1% |
| 4 Bedrooms | $1.8M | $2.4M | +34.9% |
| 5+ Bedrooms | $5.5M | $3.8M | -30.9% |
Summary: Redington Shores housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes decreased by 30.9%.
Median Sold Price Compared To Nearby Cities
| Boca Ciega | $474.5K | $469.2K | -1.1% |
| North Redington Beach | $1.0M | $1.0M | -1.4% |
| Indian Shores | $682.5K | $667.9K | -2.1% |
| Redington Shores | $750K | $725K | -3.3% |
Housing Supply in Redington Shores, FL
How many homes are available in Redington Shores, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 68 | +4.6% |
Summary: The Redington Shores real estate market had 68 homes for sale in April 2024, a 4.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 21 | 24 | +14.3% |
| 3 Bedrooms | 32 | 29 | -9.4% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Redington Shores housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redington Shores, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Redington Shores in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Redington Shores, FL
How long does it take to sell a home in Redington Shores, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 104 Days | 34 Days | -67.4% |
Summary: Homes in Redington Shores had an average of 34 days on market in Apr 2024, down by 67.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Redington Shores are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Redington Shores; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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