Is Bradenton, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bradenton was a Seller's Market.
Key Takeaway
Bradenton 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 Bradenton, FL
How much do homes in Bradenton, FL cost?
Median Sold Price
$450,321
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bradenton have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Bradenton was $450,321 in March 2024, up 4.7% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.5K | $132K | -21.7% |
| 2 Bedrooms | $319.8K | $313.3K | -2.0% |
| 3 Bedrooms | $481.4K | $475.2K | -1.3% |
| 4 Bedrooms | $628.1K | $632.1K | +0.6% |
| 5+ Bedrooms | $811.6K | $720.3K | -11.3% |
Summary: Bradenton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Bradenton | $430.1K | $450.3K | +4.7% |
| Myakka City | $625K | $625.6K | 0.1% |
| Ellenton | $420K | $369.7K | -12.0% |
Housing Supply in Bradenton, FL
How many homes are available in Bradenton, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,844 | 3,011 | +5.9% |
Summary: The Bradenton real estate market had 3,011 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 98 | 109 | +11.2% |
| 2 Bedrooms | 1,064 | 1,145 | +7.6% |
| 3 Bedrooms | 1,061 | 1,126 | +6.1% |
| 4 Bedrooms | 485 | 495 | +2.1% |
| 5+ Bedrooms | 136 | 136 | 0.0% |
Summary: The Bradenton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 360 | 471 | +30.8% |
Asking Price vs. Sold Price
308 Homes Were Sold
Under Asking
126 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bradenton, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.
Summary: A total of 471 homes were sold or pending in Bradenton in March 2024, up by 30.8% month-over-month. Of the 471 sold homes, 65% were sold under asking, 27% were sold at asking, and 8% were sold over asking.
Days on Market for Bradenton, FL
How long does it take to sell a home in Bradenton, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 57 Days | +16.1% |
Summary: Homes in Bradenton had an average of 57 days on market in Mar 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
212 Homes Were Sold
Under 30 Days
143 Homes Were Sold
In 30 - 90 Days
116 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bradenton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 471 homes were sold in Bradenton; 45% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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