Is 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, Redington Beach was a Seller's Market.
Key Takeaway
Redington Beach 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 Redington Beach, FL
How much do homes in Redington Beach, FL cost?
Median Sold Price
$950,000
$606/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Redington Beach have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Redington Beach was $950,000 in May 2024, up 18.9% from last year, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $335K | +9.8% |
| 2 Bedrooms | $672K | $678.5K | +1.0% |
| 3 Bedrooms | $855K | $962.5K | +12.6% |
| 4 Bedrooms | $1.2M | $1.5M | +27.5% |
| 5+ Bedrooms | $5.3M | $1.3M | -74.8% |
Summary: Redington Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes decreased by 74.8%.
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% |
| Madeira Beach | $792.4K | $782.5K | -1.3% |
Housing Supply in Redington Beach, FL
How many homes are available in Redington Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 39 | -11.4% |
Summary: The Redington Beach real estate market had 39 homes for sale in May 2024, a 11.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Redington Beach 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 decreased by 5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
6 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 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 6 homes were sold or pending in Redington Beach in May 2024, down by 14.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Redington Beach, FL
How long does it take to sell a home in Redington Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 79 Days | 74 Days | -5.9% |
Summary: Homes in Redington Beach had an average of 74 days on market in May 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Redington Beach has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Redington Beach; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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