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 February 2023
At the same time last year, Ponte Vedra Beach was a Seller's Market.
Housing Prices in Ponte Vedra Beach, FL
How much do homes in Ponte Vedra Beach, FL cost?
Median Sold Price
$915,765
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Ponte Vedra Beach was $915,765 in February 2024, up 6.4% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $234.9K | $248K | +5.6% |
2 Bedrooms | $335K | $353.7K | +5.6% |
3 Bedrooms | $700K | $796.5K | +13.8% |
4 Bedrooms | $1.5M | $1.3M | -10.8% |
5+ Bedrooms | $1.8M | $1.8M | -0.4% |
Summary: Ponte Vedra Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Ponte Vedra Beach | $860.4K | $915.7K | +6.4% |
Ponte Vedra | $709.7K | $745.5K | +5.0% |
Jacksonville East | $345.4K | $345.3K | 0% |
Jacksonville Beaches | $610.3K | $599.4K | -1.8% |
Jacksonville Beach | $652.8K | $635K | -2.7% |
Housing Supply in Ponte Vedra Beach, FL
How many homes are available in Ponte Vedra Beach, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
256 | 313 | +22.3% |
Summary: The Ponte Vedra Beach real estate market had 313 homes for sale in February 2024, a 22.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 44 | 56 | +27.3% |
3 Bedrooms | 82 | 99 | +20.7% |
4 Bedrooms | 67 | 81 | +20.9% |
5+ Bedrooms | 50 | 61 | +22.0% |
Summary: The Ponte Vedra Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 22%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
35 | 50 | +42.9% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Ponte Vedra Beach in February 2024, up by 42.9% month-over-month. Of the 50 sold homes, 78% were sold under asking, 12% were sold at asking, and 10% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
74 Days | 76 Days | +2.8% |
Summary: Homes in Ponte Vedra Beach had an average of 76 days on market in Feb 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During February 2024, 50 homes were sold in Ponte Vedra Beach; 44% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.