Is Upper East Side, 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, Upper East Side was a Seller's Market.
Key Takeaway
Upper East Side is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper East Side, FL
How much do homes in Upper East Side, FL cost?
Median Sold Price
$785,000
$545/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upper East Side have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Upper East Side was $785,000 in May 2024, up 10.6% from last year, and the median price per square foot was $545.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332.5K | $302.5K | -9.0% |
| 2 Bedrooms | $498.7K | $475K | -4.8% |
| 3 Bedrooms | $1.1M | $1.1M | -3.2% |
| 4 Bedrooms | $2.2M | $2.0M | -9.1% |
| 5+ Bedrooms | $5.0M | $9.0M | +79.1% |
Summary: Upper East Side housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 79.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Upper East Side | $710K | $785K | +10.6% |
| Belle Meade | $1.4M | $1.3M | -10.8% |
| Morningside / Bay Shore | $1.8M | $1.4M | -21.2% |
Housing Supply in Upper East Side, FL
How many homes are available in Upper East Side, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 171 | 183 | +7.0% |
Summary: The Upper East Side real estate market had 183 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 46 | 51 | +10.9% |
| 2 Bedrooms | 53 | 52 | -1.9% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The Upper East Side housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.9%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper East Side, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Upper East Side in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Upper East Side, FL
How long does it take to sell a home in Upper East Side, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 62 Days | +34.1% |
Summary: Homes in Upper East Side had an average of 62 days on market in May 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Upper East Side are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Upper East Side; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.