Is Hutchinson Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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.
Housing Prices in Hutchinson Island, FL
How much do homes in Hutchinson Island, FL cost?
Median Sold Price
$465,000
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Hutchinson Island have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Hutchinson Island was $465,000 in November 2023, down 0.9% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $283.7K | +7.1% |
| 2 Bedrooms | $462.5K | $445K | -3.8% |
| 3 Bedrooms | $670K | $650K | -3.0% |
| 4 Bedrooms | $787.5K | $960K | +21.9% |
| 5+ Bedrooms | $4.1M | $2.9M | -29.6% |
Summary: Hutchinson Island housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 29.6%.
Median Sold Price Compared To Nearby Cities
| Fort Pierce | $264.1K | $289.9K | +9.8% |
| Jensen Beach | $450K | $465K | +3.3% |
| Hutchinson Island | $469.1K | $465K | -0.9% |
Housing Supply in Hutchinson Island, FL
How many homes are available in Hutchinson Island, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 249 | 280 | +12.4% |
Summary: The Hutchinson Island real estate market had 280 homes for sale in November 2023, a 12.4% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 32 | +14.3% |
| 2 Bedrooms | 124 | 146 | +17.7% |
| 3 Bedrooms | 60 | 65 | +8.3% |
| 4 Bedrooms | 33 | 33 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hutchinson Island housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hutchinson Island, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Hutchinson Island in November 2023, down by 26.3% month-over-month. Of the 14 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Hutchinson Island, FL
How long does it take to sell a home in Hutchinson Island, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 38 Days | 58 Days | +52.9% |
Summary: Homes in Hutchinson Island had an average of 58 days on market in Nov 2023, up by 52.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hutchinson Island are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 14 homes were sold in Hutchinson Island; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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