Is Bradenton, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bradenton is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Bradenton was a Neutral Market.

Key Takeaway

Bradenton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bradenton, FL

How much do homes in Bradenton, FL cost?

Median Sold Price

$453,835

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$34,010(+8.1%)

Key Takeaway

Homes in Bradenton have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Bradenton was $453,835 in February 2024, up 8.1% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $165K$134K
-18.8%
2 $310K$315.2K
+1.7%
3 $475.1K$477.5K
0.5%
4 $684.9K$629.8K
-8.0%
5+ $782K$729.2K
-6.7%

Summary: Bradenton housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 6.7%.

Median Sold Price Compared To Nearby Cities

Bradenton
+8.1%
Myakka City
-1.4%
Ellenton
-15.1%

Housing Supply in Bradenton, FL

How many homes are available in Bradenton, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,5442,801+10.1%

Summary: The Bradenton real estate market had 2,801 homes for sale in February 2024, a 10.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 96100
+4.2%
2 9701,082
+11.5%
3 9371,029
+9.8%
4 430467
+8.6%
5+ 111123
+10.8%

Summary: The Bradenton housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 10.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
294325+10.5%

Asking Price vs. Sold Price

232 Homes Were Sold
Under Asking

74 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bradenton, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 325 homes were sold or pending in Bradenton in February 2024, up by 10.5% month-over-month. Of the 325 sold homes, 71% were sold under asking, 23% were sold at asking, and 6% 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

Feb 2023Feb 2024CHANGE
39 Days61 Days+57.1%

Summary: Homes in Bradenton had an average of 61 days on market in Feb 2024, up by 57.1% compared to last year.

Breakdown of Home Sale Times

133 Homes Were Sold
Under 30 Days

106 Homes Were Sold
In 30 - 90 Days

86 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bradenton are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 325 homes were sold in Bradenton; 41% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Bradenton, FL

Nearby Markets to Bradenton, FL

What housing markets are near Bradenton, FL?