Is Madeira Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Madeira Beach was a Seller's Market.
Housing Prices in Madeira Beach, FL
How much do homes in Madeira Beach, FL cost?
Median Sold Price
$780,000
$666/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Madeira Beach was $780,000 in March 2024, up 5.8% from last year, and the median price per square foot was $666.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410K | $400K | -2.4% |
2 Bedrooms | $649K | $692.5K | +6.7% |
3 Bedrooms | $1.0M | $960K | -7.0% |
4 Bedrooms | $1.3M | $1.6M | +24.8% |
5+ Bedrooms | $1.5M | $2.8M | +84.6% |
Summary: Madeira Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes increased by 84.6%.
Median Sold Price Compared To Nearby Cities
Treasure Island | $595K | $745K | +25.2% |
Seminole | $373.6K | $399.4K | +6.9% |
Madeira Beach | $737.5K | $780K | +5.8% |
Boca Ciega | $472.7K | $462.8K | -2.1% |
Redington Beach | $820K | $763.7K | -6.9% |
Housing Supply in Madeira Beach, FL
How many homes are available in Madeira Beach, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
157 | 161 | +2.5% |
Summary: The Madeira Beach real estate market had 161 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 16 | +6.7% |
2 Bedrooms | 74 | 74 | 0.0% |
3 Bedrooms | 49 | 50 | +2.0% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Madeira Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 23 | +53.3% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Madeira Beach in March 2024, up by 53.3% month-over-month. Of the 23 sold homes, 100% were sold under asking, 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 88 Days | +92.7% |
Summary: Homes in Madeira Beach had an average of 88 days on market in Mar 2024, up by 92.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Madeira Beach; 39% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.