Is Brandon, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$370,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brandon have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Brandon was $370,000 in April 2024, up 1.6% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $145K | -19.4% |
| 2 Bedrooms | $250K | $240K | -4.0% |
| 3 Bedrooms | $340K | $344.8K | +1.4% |
| 4 Bedrooms | $442.5K | $440K | -0.6% |
| 5+ Bedrooms | $595K | $625K | +5.0% |
Summary: Brandon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 5%.
Housing Supply in Brandon, FL
How many homes are available in Brandon, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 708 | 743 | +4.9% |
Summary: The Brandon real estate market had 743 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 5 | -37.5% |
| 2 Bedrooms | 98 | 89 | -9.2% |
| 3 Bedrooms | 322 | 346 | +7.5% |
| 4 Bedrooms | 224 | 241 | +7.6% |
| 5+ Bedrooms | 56 | 62 | +10.7% |
Summary: The Brandon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 10.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 153 | 186 | +21.6% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandon, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 186 homes were sold or pending in Brandon in April 2024, up by 21.6% month-over-month. Of the 186 sold homes, 49% were sold under asking, 28% were sold at asking, and 23% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 39 Days | -7.9% |
Summary: Homes in Brandon had an average of 39 days on market in Apr 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
120 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brandon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 186 homes were sold in Brandon; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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