Is Indian Beach / Sapphire Shores, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Indian Beach / Sapphire Shores has remained a Seller's Market.
Key Takeaway
Indian Beach / Sapphire Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indian Beach / Sapphire Shores, FL
How much do homes in Indian Beach / Sapphire Shores, FL cost?
Median Sold Price
$687,500
$428/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Indian Beach / Sapphire Shores have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Indian Beach / Sapphire Shores was $687,500 in April 2024, up 10.9% from last year, and the median price per square foot was $428.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $487K | $490K | +0.6% |
| 3 Bedrooms | $715K | $749K | +4.8% |
| 4 Bedrooms | $2.5M | $1.8M | -27.3% |
| 5+ Bedrooms | $9.0M | $4.0M | -55.6% |
Summary: Indian Beach / Sapphire Shores housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 55.6%.
Median Sold Price Compared To Nearby Neighborhoods
| West of Trail | $618.9K | $800K | +29.2% |
| Indian Beach / Sapphire Shores | $620K | $687.5K | +10.9% |
Housing Supply in Indian Beach / Sapphire Shores, FL
How many homes are available in Indian Beach / Sapphire Shores, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The Indian Beach / Sapphire Shores real estate market had 39 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Indian Beach / Sapphire Shores housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 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 Indian Beach / Sapphire Shores, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Indian Beach / Sapphire Shores in April 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Indian Beach / Sapphire Shores, FL
How long does it take to sell a home in Indian Beach / Sapphire Shores, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 155 Days | 40 Days | -73.6% |
Summary: Homes in Indian Beach / Sapphire Shores had an average of 40 days on market in Apr 2024, down by 73.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Indian Beach / Sapphire Shores are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Indian Beach / Sapphire Shores; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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