Is Pelican Landing, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pelican Landing has remained a Neutral Market.
Key Takeaway
Pelican Landing 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 Pelican Landing, FL
How much do homes in Pelican Landing, FL cost?
Median Sold Price
$674,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Pelican Landing have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Pelican Landing was $674,000 in March 2024, up 15.2% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $395K | N/A |
| 2 Bedrooms | $437.5K | $527.5K | +20.6% |
| 3 Bedrooms | $825K | $664.5K | -19.5% |
| 4 Bedrooms | $875K | $1.6M | +88.6% |
| 5+ Bedrooms | - | $1.9M | N/A |
Summary: Pelican Landing housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.6%, 3 bedroom homes decreased by 19.5%, 4 bedroom homes increased by 88.6%, and 5+ bedroom homes did not change.
Housing Supply in Pelican Landing, FL
How many homes are available in Pelican Landing, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 92 | 100 | +8.7% |
Summary: The Pelican Landing real estate market had 100 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 58 | 62 | +6.9% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Pelican Landing housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 16 | +166.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pelican Landing, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Pelican Landing in March 2024, up by 166.7% month-over-month. Of the 16 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% were sold over asking.
Days on Market for Pelican Landing, FL
How long does it take to sell a home in Pelican Landing, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 52 Days | +30.4% |
Summary: Homes in Pelican Landing had an average of 52 days on market in Mar 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pelican Landing are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Pelican Landing; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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