Is Hutchinson Island, 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, Hutchinson Island has remained a Buyer's Market.
Housing Prices in Hutchinson Island, FL
How much do homes in Hutchinson Island, FL cost?
Median Sold Price
$460,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hutchinson Island was $460,000 in March 2024, down 7.1% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $274.1K | -0.3% |
2 Bedrooms | $475K | $430K | -9.5% |
3 Bedrooms | $675K | $746.2K | +10.6% |
4 Bedrooms | $750K | $955K | +27.3% |
5+ Bedrooms | $2.9M | $1.1M | -62.7% |
Summary: Hutchinson Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 62.7%.
Median Sold Price Compared To Nearby Cities
Fort Pierce | $274.9K | $294.1K | +7.0% |
Jensen Beach | $479.9K | $470K | -2.1% |
Hutchinson Island | $494.9K | $460K | -7.1% |
Housing Supply in Hutchinson Island, FL
How many homes are available in Hutchinson Island, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
302 | 318 | +5.3% |
Summary: The Hutchinson Island real estate market had 318 homes for sale in March 2024, a 5.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 39 | 41 | +5.1% |
2 Bedrooms | 159 | 167 | +5.0% |
3 Bedrooms | 65 | 71 | +9.2% |
4 Bedrooms | 36 | 36 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hutchinson Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 35 | +29.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Hutchinson Island in March 2024, up by 29.6% month-over-month. Of the 35 sold homes, 89% were sold under asking, 6% were sold at asking, and 6% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 95 Days | +47.7% |
Summary: Homes in Hutchinson Island had an average of 95 days on market in Mar 2024, up by 47.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 35 homes were sold in Hutchinson Island; 37% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.