Is North Redington 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, North Redington Beach was a Seller's Market.
Key Takeaway
North Redington Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Redington Beach, FL
How much do homes in North Redington Beach, FL cost?
Median Sold Price
$1,147,500
$717/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Redington Beach have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in North Redington Beach was $1,147,500 in May 2024, up 20.8% from last year, and the median price per square foot was $717.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $382K | -2.1% |
| 2 Bedrooms | $657.5K | $660K | 0.4% |
| 3 Bedrooms | $1.2M | $1.3M | +1.7% |
| 4 Bedrooms | $1.6M | $2.0M | +28.0% |
| 5+ Bedrooms | - | $2.0M | N/A |
Summary: North Redington Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 28%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Redington Beach | $950K | $1.1M | +20.8% |
| Redington Beach | $799.2K | $950K | +18.9% |
| Boca Ciega | $473.8K | $476.5K | +0.6% |
| Redington Shores | $750K | $737.5K | -1.7% |
Housing Supply in North Redington Beach, FL
How many homes are available in North Redington Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 36 | +2.9% |
Summary: The North Redington Beach real estate market had 36 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The North Redington Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 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 North Redington Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in North Redington Beach in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for North Redington Beach, FL
How long does it take to sell a home in North Redington Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 85 Days | +55.1% |
Summary: Homes in North Redington Beach had an average of 85 days on market in May 2024, up by 55.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Redington Beach has remained consistent over time.
Summary: During May 2024, 5 homes were sold in North Redington Beach; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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