Is Eastern Shores, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Eastern Shores was a Seller's Market.
Key Takeaway
Eastern Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Eastern Shores, FL
How much do homes in Eastern Shores, FL cost?
Median Sold Price
$395,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Eastern Shores have sold for 50.8% more than they did a year ago.
Summary: The median home sold price in Eastern Shores was $395,000 in April 2024, up 50.8% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $145K | -4.0% |
| 2 Bedrooms | $217K | $250K | +15.2% |
| 3 Bedrooms | $465K | $545K | +17.2% |
| 4 Bedrooms | $650K | $615K | -5.4% |
| 5+ Bedrooms | $901.3K | $1.0M | +10.9% |
Summary: Eastern Shores housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in Eastern Shores, FL
How many homes are available in Eastern Shores, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 142 | 159 | +12.0% |
Summary: The Eastern Shores real estate market had 159 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 52 | 54 | +3.8% |
| 2 Bedrooms | 34 | 33 | -2.9% |
| 3 Bedrooms | 33 | 44 | +33.3% |
| 4 Bedrooms | 17 | 21 | +23.5% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Eastern Shores housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.8%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastern Shores, you may be able to get a good deal. 95% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Eastern Shores in April 2024, up by 25.0% month-over-month. Of the 20 sold homes, 95% were sold under asking, 5% were sold at asking, and 0% were sold over asking.
Days on Market for Eastern Shores, FL
How long does it take to sell a home in Eastern Shores, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 77 Days | +102.5% |
Summary: Homes in Eastern Shores had an average of 77 days on market in Apr 2024, up by 102.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastern Shores are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Eastern Shores; 40% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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