Is Brandon, 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, Brandon has remained a Seller's Market.
Key Takeaway
Brandon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brandon, FL
How much do homes in Brandon, FL cost?
Median Sold Price
$371,493
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Brandon have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Brandon was $371,493 in May 2024, up 1.8% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $145K | -19.4% |
| 2 Bedrooms | $250K | $240K | -4.0% |
| 3 Bedrooms | $340K | $347K | +2.1% |
| 4 Bedrooms | $445.5K | $440K | -1.2% |
| 5+ Bedrooms | $600K | $622K | +3.7% |
Summary: Brandon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in Brandon, FL
How many homes are available in Brandon, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 786 | 795 | +1.1% |
Summary: The Brandon real estate market had 795 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 88 | 84 | -4.5% |
| 3 Bedrooms | 375 | 355 | -5.3% |
| 4 Bedrooms | 255 | 287 | +12.5% |
| 5+ Bedrooms | 62 | 63 | +1.6% |
Summary: The Brandon 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 decreased by 4.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 1.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 194 | 187 | -3.6% |
Asking Price vs. Sold Price
104 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandon, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 187 homes were sold or pending in Brandon in May 2024, down by 3.6% month-over-month. Of the 187 sold homes, 56% were sold under asking, 29% were sold at asking, and 16% were sold over asking.
Days on Market for Brandon, FL
How long does it take to sell a home in Brandon, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 42 Days | +8.8% |
Summary: Homes in Brandon had an average of 42 days on market in May 2024, up by 8.8% compared to last year.
Breakdown of Home Sale Times
108 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brandon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 187 homes were sold in Brandon; 58% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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