Is Fort Pierce, 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, Fort Pierce was a Seller's Market.
Key Takeaway
Fort Pierce is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Pierce, FL
How much do homes in Fort Pierce, FL cost?
Median Sold Price
$294,166
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fort Pierce have sold for 7% more than they did a year ago.
Summary: The median home sold price in Fort Pierce was $294,166 in March 2024, up 7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $150K | -16.7% |
| 2 Bedrooms | $220.8K | $230.1K | +4.2% |
| 3 Bedrooms | $300K | $324.4K | +8.1% |
| 4 Bedrooms | $367.4K | $385K | +4.8% |
| 5+ Bedrooms | $391.4K | $413.2K | +5.6% |
Summary: Fort Pierce housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Fort Pierce | $274.9K | $294.1K | +7.0% |
| Jensen Beach | $479.9K | $470K | -2.1% |
| Hutchinson Island | $494.9K | $460K | -7.1% |
| West Saint Lucie | $424.9K | $390K | -8.2% |
Housing Supply in Fort Pierce, FL
How many homes are available in Fort Pierce, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 707 | 728 | +3.0% |
Summary: The Fort Pierce real estate market had 728 homes for sale in March 2024, a 3.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 46 | +7.0% |
| 2 Bedrooms | 287 | 286 | -0.3% |
| 3 Bedrooms | 231 | 247 | +6.9% |
| 4 Bedrooms | 109 | 116 | +6.4% |
| 5+ Bedrooms | 37 | 33 | -10.8% |
Summary: The Fort Pierce housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 10.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 116 | 94 | -19.0% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Pierce, you may be able to get a good deal. 66% of homes here sold below asking price last month.
Summary: A total of 94 homes were sold or pending in Fort Pierce in March 2024, down by 19.0% month-over-month. Of the 94 sold homes, 66% were sold under asking, 19% were sold at asking, and 15% were sold over asking.
Days on Market for Fort Pierce, FL
How long does it take to sell a home in Fort Pierce, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 61 Days | +22.5% |
Summary: Homes in Fort Pierce had an average of 61 days on market in Mar 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fort Pierce are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 94 homes were sold in Fort Pierce; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
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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.