Is Ponte Vedra Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ponte Vedra Beach is a neutral's market

Buyer's
Market

Difference Since February 2023

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

$915,765

$388/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$55,269(+6.4%)

Key Takeaway

Homes in Ponte Vedra Beach have sold for 6.4% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $234.9K$248K
+5.6%
2 $335K$353.7K
+5.6%
3 $700K$796.5K
+13.8%
4 $1.5M$1.3M
-10.8%
5+ $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
+6.4%
Ponte Vedra
+5.0%
Jacksonville East
0%
Jacksonville Beaches
-1.8%
Jacksonville Beach
-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 2024Feb 2024CHANGE
256313+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

# BEDSJan 2024Feb 2024CHANGE
1 1316
+23.1%
2 4456
+27.3%
3 8299
+20.7%
4 6781
+20.9%
5+ 5061
+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 2024Feb 2024CHANGE
3550+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ponte Vedra Beach, you may be able to get a good deal. 78% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
74 Days76 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ponte Vedra Beach are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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