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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brandon is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Brandon has remained a Seller's Market.

Key Takeaway

Brandon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brandon, FL

How much do homes in Brandon, FL cost?

Median Sold Price

$369,957

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,017(+1.4%)

Key Takeaway

Homes in Brandon have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Brandon was $369,957 in March 2024, up 1.4% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $169.5K$145K
-14.5%
2 $247.6K$245K
-1.1%
3 $340.4K$343.9K
+1.0%
4 $446.8K$436.8K
-2.2%
5+ $580K$613K
+5.7%

Summary: Brandon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Cities

Brandon
+1.4%
Seffner
+1.4%
Valrico
0.1%
Riverview
-1.5%
Dover
-5.9%

Housing Supply in Brandon, FL

How many homes are available in Brandon, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
658708+7.6%

Summary: The Brandon real estate market had 708 homes for sale in March 2024, a 7.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 98
-11.1%
2 85100
+17.6%
3 302319
+5.6%
4 207219
+5.8%
5+ 5562
+12.7%

Summary: The Brandon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 12.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
120147+22.5%

Asking Price vs. Sold Price

80 Homes Were Sold
Under Asking

45 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brandon, you may be able to get a good deal. 54.4% of homes here sold below asking price last month.

Summary: A total of 147 homes were sold or pending in Brandon in March 2024, up by 22.5% month-over-month. Of the 147 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.

Days on Market for Brandon, FL

How long does it take to sell a home in Brandon, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
58 Days47 Days-18.8%

Summary: Homes in Brandon had an average of 47 days on market in Mar 2024, down by 18.8% compared to last year.

Breakdown of Home Sale Times

70 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

29 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 147 homes were sold in Brandon; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% 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 24 Days Ago

Newest Listings in Brandon, FL

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