Is Clearwater, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Clearwater has remained a Neutral Market.
Key Takeaway
Clearwater is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Clearwater, FL
How much do homes in Clearwater, FL cost?
Median Sold Price
$350,100
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Clearwater have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Clearwater was $350,100 in November 2023, down 6.3% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.8K | $163.5K | +8.4% |
| 2 Bedrooms | $300.9K | $267.8K | -11.0% |
| 3 Bedrooms | $422.3K | $435.5K | +3.1% |
| 4 Bedrooms | $550K | $550K | 0.0% |
| 5+ Bedrooms | $775K | $800K | +3.2% |
Summary: Clearwater housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 3.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Dunedin | $400.2K | $434.8K | +8.6% |
| Largo | $335.6K | $333.3K | -0.7% |
| Belleair | $600K | $571.5K | -4.8% |
| Safety Harbor | $504.3K | $475K | -5.8% |
| Clearwater | $373.7K | $350.1K | -6.3% |
Housing Supply in Clearwater, FL
How many homes are available in Clearwater, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 1,339 | 1,388 | +3.7% |
Summary: The Clearwater real estate market had 1,388 homes for sale in November 2023, a 3.7% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 154 | 157 | +1.9% |
| 2 Bedrooms | 622 | 659 | +5.9% |
| 3 Bedrooms | 383 | 378 | -1.3% |
| 4 Bedrooms | 143 | 152 | +6.3% |
| 5+ Bedrooms | 37 | 42 | +13.5% |
Summary: The Clearwater housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 13.5%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 256 | 205 | -19.9% |
Asking Price vs. Sold Price
153 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clearwater, you may be able to get a good deal. 74.6% of homes here sold below asking price last month.
Summary: A total of 205 homes were sold or pending in Clearwater in November 2023, down by 19.9% month-over-month. Of the 205 sold homes, 75% were sold under asking, 19% were sold at asking, and 7% were sold over asking.
Days on Market for Clearwater, FL
How long does it take to sell a home in Clearwater, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 33 Days | 44 Days | +34.0% |
Summary: Homes in Clearwater had an average of 44 days on market in Nov 2023, up by 34% compared to last year.
Breakdown of Home Sale Times
128 Homes Were Sold
Under 30 Days
48 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clearwater are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 205 homes were sold in Clearwater; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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