Is North Hutchinson Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, North Hutchinson Island was a Seller's Market.
Housing Prices in North Hutchinson Island, FL
How much do homes in North Hutchinson Island, FL cost?
Median Sold Price
$704,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Hutchinson Island was $704,000 in April 2024, down 7.1% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $252.5K | +32.9% |
2 Bedrooms | $290K | $360K | +24.1% |
3 Bedrooms | $848.7K | $748.5K | -11.8% |
4 Bedrooms | $1.3M | $961K | -26.1% |
5+ Bedrooms | $1.7M | - | N/A |
Summary: North Hutchinson Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.9%, 2 bedroom homes increased by 24.1%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes did not change.
Housing Supply in North Hutchinson Island, FL
How many homes are available in North Hutchinson Island, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 45 | -10.0% |
Summary: The North Hutchinson Island real estate market had 45 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 19 | 20 | +5.3% |
4 Bedrooms | 16 | 8 | -50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North Hutchinson Island 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 increased by 16.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in North Hutchinson Island in April 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for North Hutchinson Island, FL
How long does it take to sell a home in North Hutchinson Island, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 44 Days | -13.9% |
Summary: Homes in North Hutchinson Island had an average of 44 days on market in Apr 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in North Hutchinson Island; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.