Is Gibsonton, 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, Gibsonton was a Seller's Market.
Key Takeaway
Gibsonton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gibsonton, FL
How much do homes in Gibsonton, FL cost?
Median Sold Price
$334,250
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gibsonton have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Gibsonton was $334,250 in May 2024, down 3.1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $233.4K | $226.5K | -3.0% |
| 3 Bedrooms | $331.2K | $315.1K | -4.9% |
| 4 Bedrooms | $375.1K | $373.7K | -0.4% |
| 5+ Bedrooms | $435K | $412.5K | -5.2% |
Summary: Gibsonton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Riverview | $389.6K | $396.8K | +1.8% |
| Palm River-Gibsonton | $330.3K | $334.4K | +1.2% |
| Ruskin | $364.7K | $354.2K | -2.9% |
| Gibsonton | $345K | $334.2K | -3.1% |
| Apollo Beach | $494.5K | $464.7K | -6.0% |
Housing Supply in Gibsonton, FL
How many homes are available in Gibsonton, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 84 | +5.0% |
Summary: The Gibsonton real estate market had 84 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 44 | 46 | +4.5% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Gibsonton 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 9.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gibsonton, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Gibsonton in May 2024, down by 29.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Gibsonton, FL
How long does it take to sell a home in Gibsonton, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 72 Days | 37 Days | -48.2% |
Summary: Homes in Gibsonton had an average of 37 days on market in May 2024, down by 48.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gibsonton has remained consistent over time.
Summary: During May 2024, 12 homes were sold in Gibsonton; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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