Is Bradenton Beach, 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 Beach was a Seller's Market.
Key Takeaway
Bradenton Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bradenton Beach, FL
How much do homes in Bradenton Beach, FL cost?
Median Sold Price
$755,000
$618/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bradenton Beach have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Bradenton Beach was $755,000 in May 2024, up 14.4% from last year, and the median price per square foot was $618.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $376.5K | -16.3% |
| 2 Bedrooms | $690K | $635K | -8.0% |
| 3 Bedrooms | $1.3M | $1.3M | -4.4% |
| 4 Bedrooms | $2.1M | - | N/A |
| 5+ Bedrooms | - | $3.6M | N/A |
Summary: Bradenton Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bradenton Beach | $660K | $755K | +14.4% |
| Longboat Key | $1.1M | $1.1M | -1.7% |
| Holmes Beach | $1.0M | $935K | -11.8% |
Housing Supply in Bradenton Beach, FL
How many homes are available in Bradenton Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 51 | +4.1% |
Summary: The Bradenton Beach real estate market had 51 homes for sale in May 2024, a 4.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Bradenton Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bradenton Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Bradenton Beach in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bradenton Beach, FL
How long does it take to sell a home in Bradenton Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 121 Days | 58 Days | -51.7% |
Summary: Homes in Bradenton Beach had an average of 58 days on market in May 2024, down by 51.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bradenton Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Bradenton Beach; 43% of homes were sold within 30 days, 43% 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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