Is Gables Bayfront, 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, Gables Bayfront was a Seller's Market.
Key Takeaway
Gables Bayfront is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gables Bayfront, FL
How much do homes in Gables Bayfront, FL cost?
Median Sold Price
$4,380,000
$1,037/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gables Bayfront have sold for 19.1% less than they did a year ago.
Summary: The median home sold price in Gables Bayfront was $4,380,000 in March 2024, down 19.1% from last year, and the median price per square foot was $1,037.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $5.4M | $4.2M | -22.6% |
| 4 Bedrooms | $2.3M | $2.9M | +26.1% |
| 5+ Bedrooms | $5.7M | $5.2M | -8.4% |
Summary: Gables Bayfront 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 did not change, 3 bedroom homes decreased by 22.6%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes decreased by 8.4%.
Housing Supply in Gables Bayfront, FL
How many homes are available in Gables Bayfront, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 48 | +26.3% |
Summary: The Gables Bayfront real estate market had 48 homes for sale in March 2024, a 26.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 33 | 40 | +21.2% |
Summary: The Gables Bayfront housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 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 Gables Bayfront, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Gables Bayfront in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Gables Bayfront, FL
How long does it take to sell a home in Gables Bayfront, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 130 Days | 3 Days | -97.7% |
Summary: Homes in Gables Bayfront had an average of 3 days on market in Mar 2024, down by 97.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gables Bayfront are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Gables Bayfront; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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