Is Gulf Gate Estates-Osprey, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gulf Gate Estates-Osprey is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Gulf Gate Estates-Osprey was a Seller's Market.

Key Takeaway

Gulf Gate Estates-Osprey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gulf Gate Estates-Osprey, FL

How much do homes in Gulf Gate Estates-Osprey, FL cost?

Median Sold Price

$477,116

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$22,508(-4.5%)

Key Takeaway

Homes in Gulf Gate Estates-Osprey have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in Gulf Gate Estates-Osprey was $477,116 in March 2024, down 4.5% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $220K$216.9K
-1.4%
2 $356.3K$368.3K
+3.4%
3 $620.1K$589K
-5.0%
4 $925K$925K
0.0%
5+ $2.4M$1.7M
-28.9%

Summary: Gulf Gate Estates-Osprey housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 28.9%.

Median Sold Price Compared To Nearby Cities

Osprey
+5.8%
Gulf Gate Estates-Osprey
-4.5%
Nokomis
-5.2%

Housing Supply in Gulf Gate Estates-Osprey, FL

How many homes are available in Gulf Gate Estates-Osprey, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
485509+4.9%

Summary: The Gulf Gate Estates-Osprey real estate market had 509 homes for sale in March 2024, a 4.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1516
+6.7%
2 202217
+7.4%
3 194210
+8.2%
4 6354
-14.3%
5+ 1112
+9.1%

Summary: The Gulf Gate Estates-Osprey housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5671+26.8%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gulf Gate Estates-Osprey, you may be able to get a good deal. 76.1% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Gulf Gate Estates-Osprey in March 2024, up by 26.8% month-over-month. Of the 71 sold homes, 76% were sold under asking, 15% were sold at asking, and 8% were sold over asking.

Days on Market for Gulf Gate Estates-Osprey, FL

How long does it take to sell a home in Gulf Gate Estates-Osprey, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
42 Days56 Days+32.7%

Summary: Homes in Gulf Gate Estates-Osprey had an average of 56 days on market in Mar 2024, up by 32.7% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gulf Gate Estates-Osprey are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 71 homes were sold in Gulf Gate Estates-Osprey; 46% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

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