Is Brandon, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$369,995
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Brandon have sold for 2% more than they did a year ago.
Summary: The median home sold price in Brandon was $369,995 in June 2024, up 2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169.5K | $160.6K | -5.2% |
| 2 Bedrooms | $250K | $239.9K | -4.0% |
| 3 Bedrooms | $340K | $348.3K | +2.5% |
| 4 Bedrooms | $440.5K | $440.1K | -0.1% |
| 5+ Bedrooms | $590K | $635K | +7.6% |
Summary: Brandon housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in Brandon, FL
How many homes are available in Brandon, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 836 | 808 | -3.3% |
Summary: The Brandon real estate market had 808 homes for sale in June 2024, a 3.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 9 | +80.0% |
| 2 Bedrooms | 86 | 94 | +9.3% |
| 3 Bedrooms | 378 | 345 | -8.7% |
| 4 Bedrooms | 299 | 286 | -4.3% |
| 5+ Bedrooms | 68 | 74 | +8.8% |
Summary: The Brandon housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 202 | 164 | -18.8% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brandon, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 164 homes were sold or pending in Brandon in June 2024, down by 18.8% month-over-month. Of the 164 sold homes, 41% were sold under asking, 35% were sold at asking, and 24% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 31 Days | 25 Days | -18.7% |
Summary: Homes in Brandon had an average of 25 days on market in Jun 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
119 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
11 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 June 2024, 164 homes were sold in Brandon; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.