Is Brighton Bay, 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, Brighton Bay has remained a Seller's Market.
Key Takeaway
Brighton Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brighton Bay, FL
How much do homes in Brighton Bay, FL cost?
Median Sold Price
$224,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brighton Bay have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Brighton Bay was $224,000 in April 2024, up 3.7% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | $154.7K | -5.1% |
| 2 Bedrooms | $220K | $210K | -4.5% |
| 3 Bedrooms | $460K | $491.1K | +6.8% |
| 4 Bedrooms | $618.7K | $1.1M | +91.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Brighton Bay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 91.5%, and 5+ bedroom homes did not change.
Housing Supply in Brighton Bay, FL
How many homes are available in Brighton Bay, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 | 82 | +2.5% |
Summary: The Brighton Bay real estate market had 82 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 25 | +4.2% |
| 2 Bedrooms | 30 | 31 | +3.3% |
| 3 Bedrooms | 25 | 25 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Brighton Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 3.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 18 | +100.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brighton Bay, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Brighton Bay in April 2024, up by 100.0% month-over-month. Of the 18 sold homes, 78% were sold under asking, 6% were sold at asking, and 17% were sold over asking.
Days on Market for Brighton Bay, FL
How long does it take to sell a home in Brighton Bay, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 53 Days | +51.3% |
Summary: Homes in Brighton Bay had an average of 53 days on market in Apr 2024, up by 51.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brighton Bay are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Brighton Bay; 50% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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