Is Clearwater, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Clearwater was a Seller's 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
$353,506
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Clearwater have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Clearwater was $353,506 in March 2024, down 3.4% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $160K | 0.0% |
| 2 Bedrooms | $288.6K | $270.1K | -6.4% |
| 3 Bedrooms | $420K | $438.5K | +4.4% |
| 4 Bedrooms | $550K | $570K | +3.6% |
| 5+ Bedrooms | $827.5K | $800K | -3.3% |
Summary: Clearwater housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Dunedin | $412.7K | $436.6K | +5.8% |
| Belleair | $625K | $609K | -2.6% |
| Clearwater | $365.8K | $353.5K | -3.4% |
| Largo | $344.4K | $330.4K | -4.1% |
| Safety Harbor | $525K | $465K | -11.4% |
Housing Supply in Clearwater, FL
How many homes are available in Clearwater, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,569 | 1,756 | +11.9% |
Summary: The Clearwater real estate market had 1,756 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 184 | 213 | +15.8% |
| 2 Bedrooms | 767 | 850 | +10.8% |
| 3 Bedrooms | 420 | 473 | +12.6% |
| 4 Bedrooms | 147 | 158 | +7.5% |
| 5+ Bedrooms | 51 | 62 | +21.6% |
Summary: The Clearwater housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 21.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 196 | 265 | +35.2% |
Asking Price vs. Sold Price
193 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clearwater, you may be able to get a good deal. 72.8% of homes here sold below asking price last month.
Summary: A total of 265 homes were sold or pending in Clearwater in March 2024, up by 35.2% month-over-month. Of the 265 sold homes, 73% were sold under asking, 17% were sold at asking, and 10% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 52 Days | +20.6% |
Summary: Homes in Clearwater had an average of 52 days on market in Mar 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
137 Homes Were Sold
Under 30 Days
73 Homes Were Sold
In 30 - 90 Days
55 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 March 2024, 265 homes were sold in Clearwater; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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