Is Beaches, 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, Beaches has remained a Seller's Market.
Key Takeaway
Beaches is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beaches, FL
How much do homes in Beaches, FL cost?
Median Sold Price
$650,320
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Beaches has remained the same since last year.
Summary: The median home sold price in Beaches was $650,320 in May 2024, up 0.1% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $345K | +40.8% |
| 2 Bedrooms | $437.6K | $445K | +1.7% |
| 3 Bedrooms | $625K | $636.1K | +1.8% |
| 4 Bedrooms | $867.5K | $950K | +9.5% |
| 5+ Bedrooms | $1.2M | $1.5M | +22.0% |
Summary: Beaches housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.8%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Neighborhoods
| Jax Beach | $575K | $595K | +3.5% |
| Beaches | $649.9K | $650.3K | 0.1% |
Housing Supply in Beaches, FL
How many homes are available in Beaches, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 393 | 398 | +1.3% |
Summary: The Beaches real estate market had 398 homes for sale in May 2024, a 1.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 16 | 0.0% |
| 2 Bedrooms | 55 | 65 | +18.2% |
| 3 Bedrooms | 183 | 172 | -6.0% |
| 4 Bedrooms | 96 | 107 | +11.5% |
| 5+ Bedrooms | 43 | 38 | -11.6% |
Summary: The Beaches housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 11.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 70 | -22.2% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beaches, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Beaches in May 2024, down by 22.2% month-over-month. Of the 70 sold homes, 59% were sold under asking, 23% were sold at asking, and 19% were sold over asking.
Days on Market for Beaches, FL
How long does it take to sell a home in Beaches, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 48 Days | -4.6% |
Summary: Homes in Beaches had an average of 48 days on market in May 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beaches are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 70 homes were sold in Beaches; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 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.