Is Redington Shores, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Redington Shores was a Seller's Market.
Key Takeaway
Redington Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Redington Shores, FL
How much do homes in Redington Shores, FL cost?
Median Sold Price
$750,000
$583/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Redington Shores has remained the same since last year.
Summary: The median home sold price in Redington Shores was $750,000 in March 2024, up 0.1% from last year, and the median price per square foot was $583.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $520K | $480K | -7.7% |
| 2 Bedrooms | $715K | $615K | -14.0% |
| 3 Bedrooms | $1.0M | $842.5K | -15.8% |
| 4 Bedrooms | $1.8M | $2.4M | +34.9% |
| 5+ Bedrooms | $5.7M | $3.6M | -36.8% |
Summary: Redington Shores housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes decreased by 36.8%.
Median Sold Price Compared To Nearby Cities
| Redington Shores | $749K | $750K | 0.1% |
| Indian Shores | $675K | $670K | -0.7% |
| Boca Ciega | $472.7K | $462.8K | -2.1% |
| North Redington Beach | $1.1M | $990K | -13.9% |
Housing Supply in Redington Shores, FL
How many homes are available in Redington Shores, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 71 | +18.3% |
Summary: The Redington Shores real estate market had 71 homes for sale in March 2024, a 18.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 29 | 26 | -10.3% |
| 3 Bedrooms | 25 | 34 | +36.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Redington Shores housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 36%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redington Shores, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Redington Shores in March 2024, up by 100.0% month-over-month. Of the 10 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Redington Shores, FL
How long does it take to sell a home in Redington Shores, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 79 Days | +81.9% |
Summary: Homes in Redington Shores had an average of 79 days on market in Mar 2024, up by 81.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redington Shores are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Redington Shores; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.