Is Gandy / Sun Bay South, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Gandy / Sun Bay South has remained a Seller's Market.
Key Takeaway
Gandy / Sun Bay South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gandy / Sun Bay South, FL
How much do homes in Gandy / Sun Bay South, FL cost?
Median Sold Price
$483,500
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gandy / Sun Bay South have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Gandy / Sun Bay South was $483,500 in March 2024, up 10.5% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $189.9K | +18.7% |
| 2 Bedrooms | $337.4K | $328.7K | -2.6% |
| 3 Bedrooms | $430K | $464K | +7.9% |
| 4 Bedrooms | $641.3K | $735K | +14.6% |
| 5+ Bedrooms | $710.4K | $948.7K | +33.5% |
Summary: Gandy / Sun Bay South housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 33.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Gandy / Sun Bay South | $437.5K | $483.5K | +10.5% |
| Fair Oaks / Manhattan Manor | $294.7K | $315K | +6.9% |
| South Tampa | $624.1K | $648.9K | +4.0% |
| Bayside West | $370K | $381K | +3.0% |
| Interbay | $453K | $450K | -0.7% |
Housing Supply in Gandy / Sun Bay South, FL
How many homes are available in Gandy / Sun Bay South, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 181 | 179 | -1.1% |
Summary: The Gandy / Sun Bay South real estate market had 179 homes for sale in March 2024, a 1.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 98 | 94 | -4.1% |
| 4 Bedrooms | 43 | 46 | +7.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Gandy / Sun Bay South housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 37 | -15.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gandy / Sun Bay South, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Gandy / Sun Bay South in March 2024, down by 15.9% month-over-month. Of the 37 sold homes, 68% were sold under asking, 27% were sold at asking, and 5% were sold over asking.
Days on Market for Gandy / Sun Bay South, FL
How long does it take to sell a home in Gandy / Sun Bay South, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 60 Days | +45.5% |
Summary: Homes in Gandy / Sun Bay South had an average of 60 days on market in Mar 2024, up by 45.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gandy / Sun Bay South are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 37 homes were sold in Gandy / Sun Bay South; 65% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.