Is Redington Shores, 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, 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
$775,000
$600/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Redington Shores have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Redington Shores was $775,000 in November 2023, up 8.4% from last year, and the median price per square foot was $600.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $498K | $390K | -21.7% |
| 2 Bedrooms | $665K | $737.5K | +10.9% |
| 3 Bedrooms | $1.0M | $750K | -31.8% |
| 4 Bedrooms | $1.2M | $3.1M | +145.1% |
| 5+ Bedrooms | $5.5M | $3.7M | -32.7% |
Summary: Redington Shores housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 31.8%, 4 bedroom homes increased by 145.1%, and 5+ bedroom homes decreased by 32.7%.
Median Sold Price Compared To Nearby Cities
| Redington Shores | $714.9K | $775K | +8.4% |
| Boca Ciega | $468.7K | $468.6K | 0% |
| North Redington Beach | $1.1M | $1.0M | -5.1% |
| Indian Shores | $727.5K | $667.9K | -8.2% |
Housing Supply in Redington Shores, FL
How many homes are available in Redington Shores, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 54 | 57 | +5.6% |
Summary: The Redington Shores real estate market had 57 homes for sale in November 2023, a 5.6% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 27 | 28 | +3.7% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Redington Shores housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 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 2 homes were sold or pending in Redington Shores in November 2023, down by 66.7% month-over-month. Of the 2 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 58 Days | 76 Days | +31.0% |
Summary: Homes in Redington Shores had an average of 76 days on market in Nov 2023, up by 31% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Redington Shores has remained consistent over time.
Summary: During November 2023, 2 homes were sold in Redington Shores; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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