Is Hutchinson Island, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hutchinson Island is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Hutchinson Island was a Seller's Market.

Key Takeaway

Hutchinson Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Hutchinson Island, FL cost?

Median Sold Price

$465,000

$326/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$120,142(+34.8%)

Key Takeaway

Homes in Hutchinson Island have sold for 34.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $186K$242.5K
+30.4%
2 $330K$450K
+36.4%
3 $465K$619.2K
+33.2%
4 $787.5K$722.5K
-8.3%
5+ $3.0M$4.1M
+37.3%

Median Sold Price Compared To Nearby Cities

Hutchinson Island
+34.8%
Fort Pierce
+24.1%
Jensen Beach
+15.4%

How many homes are available in Hutchinson Island, FL?

Number of Homes For Sale

Aug 2022Sep 2022%
104110+5.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1513
-13.3%
2 6063
+5.0%
3 2227
+22.7%
4 66
0.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
14140.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hutchinson Island, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
17 Days41 Days+135.6%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Hutchinson Island, FL

Number of homes for sale in Hutchinson Island, FL real estate market have reached 110. The number of homes for sale in Hutchinson Island, FL increased by 5.8% between August 2022 and September 2022. While the average time on the market in September 2022 was 41 days, the median list price was $465,000. Real estate listing prices changed between August 2022 and September 2022: the cost of 1 bedroom properties went up by 30.4%, 2 bedrooms properties prices increased by 36.4%, 3 bedrooms properties became 33.2% more expensive, prices of 4 bedrooms properties went down by 8.3%, 5 bedrooms properties became 37.3% more expensive. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 13.3%, number of 2 bedrooms homes increased by 5%, 3 bedrooms homes inventory increased by 22.7%, 4 bedrooms homes inventory did not change, number of 5 bedrooms homes remained the same. In September 2022 more than 1 listings in Hutchinson Island, FL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 10 were sold below.

Related Housing Market Reports