$10,000 Closing Credit*
$2,400,000
5,280 SqFt
8 Beds
•12 Full Baths
The Sanchez Group, Listing Office: Think Real Estate
Is Mexico Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Mexico Beach was a Seller's Market.
Key Takeaway
Mexico Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mexico Beach, FL
How much do homes in Mexico Beach, FL cost?
Median Sold Price
$353,025
$214/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$13,125(+3.9%)
Key Takeaway
Homes in Mexico Beach have sold for 3.9% more than they did a month ago.
Summary: The median home sold price in Mexico Beach was $353,025 in August 2024, up 3.9% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $450K | $455K | +1.1% |
| 3 Bedrooms | $296K | $439.5K | +48.5% |
| 4 Bedrooms | $339.9K | $348.9K | +2.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mexico Beach housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 48.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes did not change.
Housing Supply in Mexico Beach, FL
How many homes are available in Mexico Beach, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 44 | 35 | -20.5% |
Summary: The Mexico Beach real estate market had 35 homes for sale in August 2024, a 20.5% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 26 | 19 | -26.9% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Mexico Beach housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mexico Beach, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mexico Beach in August 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Mexico Beach, FL
How long does it take to sell a home in Mexico Beach, FL?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 93 Days | 111 Days | +19.2% |
Summary: Homes in Mexico Beach had an average of 111 days on market in Aug 2024, up by 19.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mexico Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2024, 5 homes were sold in Mexico Beach; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.