Is Pelican Bay, 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, Pelican Bay was a Neutral Market.
Key Takeaway
Pelican Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pelican Bay, FL
How much do homes in Pelican Bay, FL cost?
Median Sold Price
$1,350,000
$761/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Pelican Bay have sold for 1.7% more than they did a month ago.
Summary: The median home sold price in Pelican Bay was $1,350,000 in April 2024, up 1.7% from last month, and the median price per square foot was $761.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.1M | $972.9K | -18.1% |
| 3 Bedrooms | $1.5M | $1.4M | -0.3% |
| 4 Bedrooms | $5.5M | $3.6M | -33.6% |
| 5+ Bedrooms | $9.2M | $19.6M | +111.9% |
Summary: Pelican Bay housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 33.6%, and 5+ bedroom homes increased by 111.9%.
Housing Supply in Pelican Bay, FL
How many homes are available in Pelican Bay, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 261 | 246 | -5.7% |
Summary: The Pelican Bay real estate market had 246 homes for sale in April 2024, a 5.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 113 | 109 | -3.5% |
| 3 Bedrooms | 117 | 106 | -9.4% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Pelican Bay 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 decreased by 3.5%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pelican Bay, you may be able to get a good deal. 70.5% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Pelican Bay in April 2024, up by 10.0% month-over-month. Of the 44 sold homes, 70% were sold under asking, 25% were sold at asking, and 5% were sold over asking.
Days on Market for Pelican Bay, FL
How long does it take to sell a home in Pelican Bay, FL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 Days | 71 Days | -13.1% |
Summary: Homes in Pelican Bay had an average of 71 days on market in Apr 2024, down by 13.1% compared to last month.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pelican Bay are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in Pelican Bay; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
