Is Madeira Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madeira Beach is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Madeira Beach was a Neutral 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

$737,500

$665/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$52,500(-6.6%)

Key Takeaway

Homes in Madeira Beach have sold for 6.6% less than they did a year ago.

Summary: The median home sold price in Madeira Beach was $737,500 in January 2024, down 6.6% from last year, and the median price per square foot was $665.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $415K$409K
-1.4%
2 $659.5K$663.7K
+0.6%
3 $1.0M$955K
-5.4%
4 $1.3M$1.5M
+7.9%
5+ $2.0M$2.8M
+42.3%

Summary: Madeira Beach housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 42.3%.

Median Sold Price Compared To Nearby Cities

Treasure Island
+27.3%
Seminole
+9.1%
Redington Beach
-0.5%
Boca Ciega
-3.7%
Madeira Beach
-6.6%

Housing Supply in Madeira Beach, FL

How many homes are available in Madeira Beach, FL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
111145+30.6%

Summary: The Madeira Beach real estate market had 145 homes for sale in January 2024, a 30.6% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 1315
+15.4%
2 5164
+25.5%
3 3647
+30.6%
4 814
+75.0%
5+ 35
+66.7%

Summary: The Madeira Beach housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
414+250.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madeira Beach, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Madeira Beach in January 2024, up by 250.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% 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

Jan 2023Jan 2024CHANGE
92 Days60 Days-34.6%

Summary: Homes in Madeira Beach had an average of 60 days on market in Jan 2024, down by 34.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Madeira Beach are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 14 homes were sold in Madeira Beach; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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