Is Bradenton Beach, 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 Beach was a Seller's Market.
Key Takeaway
Bradenton Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bradenton Beach, FL
How much do homes in Bradenton Beach, FL cost?
Median Sold Price
$635,000
$616/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bradenton Beach have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Bradenton Beach was $635,000 in March 2024, down 4.5% from last year, and the median price per square foot was $616.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $405K | -10.0% |
| 2 Bedrooms | $683K | $620K | -9.2% |
| 3 Bedrooms | $1.3M | $1.3M | -4.4% |
| 4 Bedrooms | $2.1M | - | N/A |
| 5+ Bedrooms | $3.9M | $3.6M | -7.8% |
Summary: Bradenton Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 7.8%.
Median Sold Price Compared To Nearby Cities
| Longboat Key | $1.1M | $1.1M | -0.5% |
| Bradenton Beach | $665K | $635K | -4.5% |
| Holmes Beach | $1.1M | $983K | -16.9% |
Housing Supply in Bradenton Beach, FL
How many homes are available in Bradenton Beach, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 57 | 58 | +1.8% |
Summary: The Bradenton Beach real estate market had 58 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 29 | 27 | -6.9% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Bradenton Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bradenton Beach, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bradenton Beach in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Bradenton Beach, FL
How long does it take to sell a home in Bradenton Beach, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 51 Days | -41.3% |
Summary: Homes in Bradenton Beach had an average of 51 days on market in Mar 2024, down by 41.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bradenton Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Bradenton Beach; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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