Is Gulfport, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Gulfport has remained a Neutral Market.
Key Takeaway
Gulfport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gulfport, FL
How much do homes in Gulfport, FL cost?
Median Sold Price
$397,350
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Gulfport have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Gulfport was $397,350 in November 2023, up 0.6% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239K | $230.4K | -3.6% |
| 2 Bedrooms | $366K | $349K | -4.6% |
| 3 Bedrooms | $500K | $485K | -3.0% |
| 4 Bedrooms | $797K | $667K | -16.3% |
| 5+ Bedrooms | $960.6K | $1.7M | +86.8% |
Summary: Gulfport housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes increased by 86.8%.
Median Sold Price Compared To Nearby Cities
| Saint Petersburg | $388.6K | $425.1K | +9.4% |
| Gulfport | $395K | $397.3K | +0.6% |
Housing Supply in Gulfport, FL
How many homes are available in Gulfport, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 136 | 140 | +2.9% |
Summary: The Gulfport real estate market had 140 homes for sale in November 2023, a 2.9% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 17 | +30.8% |
| 2 Bedrooms | 56 | 55 | -1.8% |
| 3 Bedrooms | 48 | 48 | 0.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Gulfport housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 33 | 20 | -39.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gulfport, you may be able to get a good deal. 85% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Gulfport in November 2023, down by 39.4% month-over-month. Of the 20 sold homes, 85% were sold under asking, 5% were sold at asking, and 10% were sold over asking.
Days on Market for Gulfport, FL
How long does it take to sell a home in Gulfport, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 38 Days | 29 Days | -22.0% |
Summary: Homes in Gulfport had an average of 29 days on market in Nov 2023, down by 22% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gulfport are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 20 homes were sold in Gulfport; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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