Is Fernandina Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fernandina Beach is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Fernandina Beach has remained a Seller's Market.

Key Takeaway

Fernandina Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Fernandina Beach, FL cost?

Median Sold Price

$479,000

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

-$26,000(-5.1%)

Key Takeaway

Homes in Fernandina Beach have sold for 5.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $380.5K$397.4K
+4.5%
3 $500K$477K
-4.6%
4 $600K$587.5K
-2.1%
5+ $762.5K$945K
+23.9%

Median Sold Price Compared To Nearby Cities

Yulee
+28.4%
Fernandina Beach
-5.1%

How many homes are available in Fernandina Beach, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
5649-12.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 96
-33.3%
3 2930
+3.4%
4 1410
-28.6%
5+ 43
-25.0%

Number of Homes Sold

Jul 2022Aug 2022%
11110.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fernandina Beach, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
29 Days20 Days-31.0%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fernandina Beach are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Fernandina Beach, FL

Number of homes for sale in Fernandina Beach, FL real estate market have reached 49. The number of homes for sale in Fernandina Beach, FL decreased by 12.5% between July 2022 and August 2022. While the average time on the market in August 2022 was 20 days, the median list price was $479,000. Real estate listing prices changed between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 4.5%, prices of 3 bedrooms properties went down by 4.6%, prices of 4 bedrooms properties went down by 2.1%, prices of 5 bedrooms properties went up by 23.9%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 33.3%, volume of 3 bedrooms homes went up by 3.4%, 4 bedrooms homes became 28.6% less available, volume of 5 bedrooms homes went down by 25%. While more than 2 listings in Fernandina Beach, FL in August 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 7 were sold below.

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