Is Gulfport, 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, Gulfport has remained a Seller's Market.
Key Takeaway
Gulfport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gulfport, FL
How much do homes in Gulfport, FL cost?
Median Sold Price
$399,250
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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 $399,250 in March 2024, up 0.6% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $232.4K | +3.3% |
| 2 Bedrooms | $355K | $359K | +1.1% |
| 3 Bedrooms | $485K | $522.5K | +7.7% |
| 4 Bedrooms | $722.5K | $849.4K | +17.6% |
| 5+ Bedrooms | $851.2K | $939K | +10.3% |
Summary: Gulfport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Saint Petersburg | $399.9K | $434.8K | +8.7% |
| Gulfport | $396.7K | $399.2K | +0.6% |
Housing Supply in Gulfport, FL
How many homes are available in Gulfport, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 169 | 177 | +4.7% |
Summary: The Gulfport real estate market had 177 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 25 | +4.2% |
| 2 Bedrooms | 83 | 82 | -1.2% |
| 3 Bedrooms | 47 | 53 | +12.8% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Gulfport housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
3 Homes Were 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. 83.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Gulfport in March 2024, up by 11.1% month-over-month. Of the 30 sold homes, 83% were sold under asking, 10% were sold at asking, and 7% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 70 Days | +78.5% |
Summary: Homes in Gulfport had an average of 70 days on market in Mar 2024, up by 78.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 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 March 2024, 30 homes were sold in Gulfport; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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