Is Madeira Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Madeira Beach was a Seller's Market.
Key Takeaway
Madeira Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madeira Beach, FL
How much do homes in Madeira Beach, FL cost?
Median Sold Price
$785,000
$613/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Madeira Beach have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Madeira Beach was $785,000 in June 2024, up 4.1% from last year, and the median price per square foot was $613.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $408K | $390K | -4.4% |
| 2 Bedrooms | $653.7K | $660K | +1.0% |
| 3 Bedrooms | $967K | $1.0M | +8.6% |
| 4 Bedrooms | $1.3M | $1.3M | 0.0% |
| 5+ Bedrooms | $2.1M | $2.2M | +4.7% |
Summary: Madeira Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 8.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Redington Beach | $817.5K | $1.0M | +32.7% |
| Seminole | $374.9K | $424.4K | +13.2% |
| Treasure Island | $672.5K | $756.6K | +12.5% |
| Boca Ciega | $466.3K | $489.9K | +5.0% |
| Madeira Beach | $754.1K | $785K | +4.1% |
Housing Supply in Madeira Beach, FL
How many homes are available in Madeira Beach, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 187 | 181 | -3.2% |
Summary: The Madeira Beach real estate market had 181 homes for sale in June 2024, a 3.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 19 | -5.0% |
| 2 Bedrooms | 72 | 69 | -4.2% |
| 3 Bedrooms | 75 | 70 | -6.7% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Madeira Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 27 | 9 | -66.7% |
Asking Price vs. Sold Price
7 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 Madeira Beach, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Madeira Beach in June 2024, down by 66.7% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Madeira Beach, FL
How long does it take to sell a home in Madeira Beach, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 49 Days | 47 Days | -4.6% |
Summary: Homes in Madeira Beach had an average of 47 days on market in Jun 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Madeira Beach are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 9 homes were sold in Madeira Beach; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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