Is Hypoluxo 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, Hypoluxo Island has remained a Seller's Market.
Key Takeaway
Hypoluxo Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hypoluxo Island, FL
How much do homes in Hypoluxo Island, FL cost?
Median Sold Price
$3,992,745
$1,068/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hypoluxo Island have sold for 73% more than they did a year ago.
Summary: The median home sold price in Hypoluxo Island was $3,992,745 in March 2024, up 73% from last year, and the median price per square foot was $1,068.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $1.3M | +32.4% |
| 3 Bedrooms | $1.8M | $3.0M | +61.6% |
| 4 Bedrooms | $1.7M | $3.7M | +117.6% |
| 5+ Bedrooms | $7.1M | $7.3M | +2.8% |
Summary: Hypoluxo Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 61.6%, 4 bedroom homes increased by 117.6%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in Hypoluxo Island, FL
How many homes are available in Hypoluxo Island, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Hypoluxo Island real estate market had 13 homes for sale in March 2024, a 18.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Hypoluxo Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hypoluxo Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Hypoluxo Island in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hypoluxo Island, FL
How long does it take to sell a home in Hypoluxo Island, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 82 Days | 165 Days | +100.0% |
Summary: Homes in Hypoluxo Island had an average of 165 days on market in Mar 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Hypoluxo Island are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Hypoluxo Island; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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