Is Fernandina Beach, 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, Fernandina Beach was a Seller's Market.
Key Takeaway
Fernandina Beach 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 Fernandina Beach, FL
How much do homes in Fernandina Beach, FL cost?
Median Sold Price
$579,369
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Fernandina Beach has remained the same since last year.
Summary: The median home sold price in Fernandina Beach was $579,369 in March 2024, the same as last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $500K | $325K | -35.0% |
| 2 Bedrooms | $460.4K | $507.5K | +10.2% |
| 3 Bedrooms | $570.3K | $579.9K | +1.7% |
| 4 Bedrooms | $605.7K | $594.5K | -1.9% |
| 5+ Bedrooms | $625K | $692.5K | +10.8% |
Summary: Fernandina Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
| Fernandina Beach | $579.2K | $579.3K | 0.0% |
| Yulee | $396.7K | $395.9K | -0.2% |
Housing Supply in Fernandina Beach, FL
How many homes are available in Fernandina Beach, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 308 | 320 | +3.9% |
Summary: The Fernandina Beach real estate market had 320 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 38 | 38 | 0.0% |
| 3 Bedrooms | 134 | 140 | +4.5% |
| 4 Bedrooms | 106 | 103 | -2.8% |
| 5+ Bedrooms | 29 | 35 | +20.7% |
Summary: The Fernandina Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 20.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 51 | +13.3% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fernandina Beach, you may be able to get a good deal. 80.4% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Fernandina Beach in March 2024, up by 13.3% month-over-month. Of the 51 sold homes, 80% were sold under asking, 14% were sold at asking, and 6% were sold over asking.
Days on Market for Fernandina Beach, FL
How long does it take to sell a home in Fernandina Beach, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 65 Days | -25.2% |
Summary: Homes in Fernandina Beach had an average of 65 days on market in Mar 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fernandina Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 51 homes were sold in Fernandina Beach; 41% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.