Is Gulf Stream, 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, Gulf Stream has remained a Seller's Market.
Housing Prices in Gulf Stream, FL
How much do homes in Gulf Stream, FL cost?
Median Sold Price
$3,125,000
$1,141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gulf Stream was $3,125,000 in May 2024, down 62.3% from last year, and the median price per square foot was $1,141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $605K | N/A |
2 Bedrooms | $1.7M | $1.6M | -5.3% |
3 Bedrooms | $4.3M | $3.1M | -27.3% |
4 Bedrooms | $8.3M | $4.1M | -50.6% |
5+ Bedrooms | $16.5M | $18.8M | +13.8% |
Summary: Gulf Stream 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 5.3%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 50.6%, and 5+ bedroom homes increased by 13.8%.
Median Sold Price Compared To Nearby Cities
Boynton Beach | $382.4K | $411.6K | +7.6% |
Boynton Beach-Delray Beach | $375.7K | $391.3K | +4.1% |
Delray Beach | $366.8K | $355.3K | -3.1% |
Gulf Stream | $8.3M | $3.1M | -62.3% |
Housing Supply in Gulf Stream, FL
How many homes are available in Gulf Stream, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Summary: The Gulf Stream real estate market had 7 homes for sale in May 2024, a 41.7% decrease 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 | 1 | 0 | -100.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 5 | 2 | -60.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Gulf Stream 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Gulf Stream in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Gulf Stream, FL
How long does it take to sell a home in Gulf Stream, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
162 Days | 37 Days | -76.9% |
Summary: Homes in Gulf Stream had an average of 37 days on market in May 2024, down by 76.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Gulf Stream; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.