Is Gulf Stream, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gulf Stream is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Gulf Stream has remained a Seller's Market.

Key Takeaway

Gulf Stream is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gulf Stream, FL

How much do homes in Gulf Stream, FL cost?

Median Sold Price

$3,125,000

$1,141/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$5,175,125(-62.3%)

Key Takeaway

Homes in Gulf Stream have sold for 62.3% less than they did a year ago.

Summary: The median home sold price in Gulf Stream was $3,125,000 in May 2024, down 62.3% from last year, and the median price per square foot was $1,141.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$605K
N/A
2 $1.7M$1.6M
-5.3%
3 $4.3M$3.1M
-27.3%
4 $8.3M$4.1M
-50.6%
5+ $16.5M$18.8M
+13.8%

Summary: Gulf Stream housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 50.6%, and 5+ bedroom homes increased by 13.8%.

Median Sold Price Compared To Nearby Cities

Boynton Beach
+7.6%
Boynton Beach-Delray Beach
+4.1%
Delray Beach
-3.1%
Gulf Stream
-62.3%

Housing Supply in Gulf Stream, FL

How many homes are available in Gulf Stream, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
127-41.7%

Summary: The Gulf Stream real estate market had 7 homes for sale in May 2024, a 41.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 22
0.0%
4 52
-60.0%
5+ 32
-33.3%

Summary: The Gulf Stream housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 60%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gulf Stream, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Gulf Stream in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Gulf Stream, FL

How long does it take to sell a home in Gulf Stream, FL?

Average Sale Time

May 2023May 2024CHANGE
162 Days37 Days-76.9%

Summary: Homes in Gulf Stream had an average of 37 days on market in May 2024, down by 76.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gulf Stream are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 2 homes were sold in Gulf Stream; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 19 Days Ago

Newest Listings in Gulf Stream, FL

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