Is Port Saint Lucie, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Saint Lucie is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Port Saint Lucie was a Seller's Market.

Key Takeaway

Port Saint Lucie 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 Port Saint Lucie, FL

How much do homes in Port Saint Lucie, FL cost?

Median Sold Price

$395,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$6,333(+1.6%)

Key Takeaway

Homes in Port Saint Lucie have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Port Saint Lucie was $395,000 in March 2024, up 1.6% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $175K$170K
-2.9%
2 $290K$317.8K
+9.6%
3 $374K$380K
+1.6%
4 $427.4K$435.9K
+2.0%
5+ $534.9K$515K
-3.7%

Summary: Port Saint Lucie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Cities

Palm City
+15.4%
Port Saint Lucie
+1.6%
Jensen Beach
-2.1%
West Saint Lucie
-8.2%

Housing Supply in Port Saint Lucie, FL

How many homes are available in Port Saint Lucie, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1,8221,970+8.1%

Summary: The Port Saint Lucie real estate market had 1,970 homes for sale in March 2024, a 8.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 58
+60.0%
2 296340
+14.9%
3 920990
+7.6%
4 541563
+4.1%
5+ 6069
+15.0%

Summary: The Port Saint Lucie housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 15%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
264290+9.8%

Asking Price vs. Sold Price

188 Homes Were Sold
Under Asking

62 Homes Were Sold
At Asking

40 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Saint Lucie, you may be able to get a good deal. 64.8% of homes here sold below asking price last month.

Summary: A total of 290 homes were sold or pending in Port Saint Lucie in March 2024, up by 9.8% month-over-month. Of the 290 sold homes, 65% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for Port Saint Lucie, FL

How long does it take to sell a home in Port Saint Lucie, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
54 Days52 Days-2.6%

Summary: Homes in Port Saint Lucie had an average of 52 days on market in Mar 2024, down by 2.6% compared to last year.

Breakdown of Home Sale Times

129 Homes Were Sold
Under 30 Days

99 Homes Were Sold
In 30 - 90 Days

62 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Port Saint Lucie are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 290 homes were sold in Port Saint Lucie; 44% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 21% 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 25 Days Ago

Newest Listings in Port Saint Lucie, FL

Nearby Markets to Port Saint Lucie, FL

What housing markets are near Port Saint Lucie, FL?