Is Safety Harbor, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Safety Harbor is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Safety Harbor was a Seller's Market.

Key Takeaway

Safety Harbor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Safety Harbor, FL

How much do homes in Safety Harbor, FL cost?

Median Sold Price

$560,000

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$87,500(+18.5%)

Key Takeaway

Homes in Safety Harbor have sold for 18.5% more than they did a year ago.

Summary: The median home sold price in Safety Harbor was $560,000 in September 2024, up 18.5% from last year, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $190K$265K
+39.5%
2 $296K$312K
+5.4%
3 $498.7K$549.7K
+10.2%
4 $750K$860.6K
+14.8%
5+ $1.1M$1.0M
-6.2%

Summary: Safety Harbor housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 6.2%.

Median Sold Price Compared To Nearby Cities

Safety Harbor
+18.5%
Oldsmar
+5.3%
Clearwater
+1.8%

Housing Supply in Safety Harbor, FL

How many homes are available in Safety Harbor, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
116109-6.0%

Summary: The Safety Harbor real estate market had 109 homes for sale in September 2024, a 6.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 3031
+3.3%
3 4134
-17.1%
4 3432
-5.9%
5+ 910
+11.1%

Summary: The Safety Harbor housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2812-57.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Safety Harbor, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Safety Harbor in September 2024, down by 57.1% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for Safety Harbor, FL

How long does it take to sell a home in Safety Harbor, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
17 Days32 Days+87.3%

Summary: Homes in Safety Harbor had an average of 32 days on market in Sep 2024, up by 87.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Safety Harbor are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 12 homes were sold in Safety Harbor; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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 Sep 1, 2024

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