Is Ponte Vedra Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Ponte Vedra Beach was a Seller's Market.
Key Takeaway
Ponte Vedra 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 Ponte Vedra Beach, FL
How much do homes in Ponte Vedra Beach, FL cost?
Median Sold Price
$892,237
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Ponte Vedra Beach have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Ponte Vedra Beach was $892,237 in November 2023, up 10.3% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.2K | $250K | +10.0% |
| 2 Bedrooms | $330K | $345K | +4.5% |
| 3 Bedrooms | $690K | $774.5K | +12.2% |
| 4 Bedrooms | $1.3M | $1.2M | -6.0% |
| 5+ Bedrooms | $1.8M | $1.8M | 0.5% |
Summary: Ponte Vedra Beach housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Ponte Vedra Beach | $809.2K | $892.2K | +10.3% |
| Ponte Vedra | $689K | $723.1K | +5.0% |
| Jacksonville Beach | $619.8K | $630K | +1.6% |
| Jacksonville Beaches | $599.3K | $600K | 0.1% |
| Jacksonville East | $337.6K | $336.4K | -0.4% |
Housing Supply in Ponte Vedra Beach, FL
How many homes are available in Ponte Vedra Beach, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 277 | 267 | -3.6% |
Summary: The Ponte Vedra Beach real estate market had 267 homes for sale in November 2023, a 3.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 46 | 47 | +2.2% |
| 3 Bedrooms | 87 | 80 | -8.0% |
| 4 Bedrooms | 78 | 71 | -9.0% |
| 5+ Bedrooms | 52 | 56 | +7.7% |
Summary: The Ponte Vedra Beach housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 59 | 41 | -30.5% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ponte Vedra Beach, you may be able to get a good deal. 82.9% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Ponte Vedra Beach in November 2023, down by 30.5% month-over-month. Of the 41 sold homes, 83% were sold under asking, 12% were sold at asking, and 5% were sold over asking.
Days on Market for Ponte Vedra Beach, FL
How long does it take to sell a home in Ponte Vedra Beach, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 47 Days | 22 Days | -53.5% |
Summary: Homes in Ponte Vedra Beach had an average of 22 days on market in Nov 2023, down by 53.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ponte Vedra Beach are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 41 homes were sold in Ponte Vedra Beach; 2% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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