Is Gulf Breeze, 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, Gulf Breeze was a Neutral Market.
Key Takeaway
Gulf Breeze is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gulf Breeze, FL
How much do homes in Gulf Breeze, FL cost?
Median Sold Price
$410,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gulf Breeze have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Gulf Breeze was $410,000 in March 2024, up 5.1% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $367.5K | +182.7% |
| 2 Bedrooms | $775K | $292K | -62.3% |
| 3 Bedrooms | $344.2K | $358K | +4.0% |
| 4 Bedrooms | $485K | $459.9K | -5.2% |
| 5+ Bedrooms | $2.1M | $675K | -67.9% |
Summary: Gulf Breeze housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 182.7%, 2 bedroom homes decreased by 62.3%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 67.9%.
Median Sold Price Compared To Nearby Cities
| Navarre Beach | $750K | $881K | +17.5% |
| Gulf Breeze | $360K | $410K | +13.9% |
| Midway | $375K | $399.9K | +6.6% |
| Gulf Breeze | $390K | $410K | +5.1% |
| Holley-Navarre | $395.1K | $401K | +1.5% |
Housing Supply in Gulf Breeze, FL
How many homes are available in Gulf Breeze, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 | 83 | +6.4% |
Summary: The Gulf Breeze real estate market had 83 homes for sale in March 2024, a 6.4% 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 39 | 36 | -7.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Gulf Breeze 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gulf Breeze, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Gulf Breeze in March 2024, up by 25.0% month-over-month. Of the 15 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for Gulf Breeze, FL
How long does it take to sell a home in Gulf Breeze, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 88 Days | +477.1% |
Summary: Homes in Gulf Breeze had an average of 88 days on market in Mar 2024, up by 477.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Gulf Breeze are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 15 homes were sold in Gulf Breeze; 20% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 53% 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.
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.