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 seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Safety Harbor has remained a Seller's Market.

Key Takeaway

Safety Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Safety Harbor, FL

How much do homes in Safety Harbor, FL cost?

Median Sold Price

$462,500

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$59,694(-11.4%)

Key Takeaway

Homes in Safety Harbor have sold for 11.4% less than they did a year ago.

Summary: The median home sold price in Safety Harbor was $462,500 in February 2024, down 11.4% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $240K$195K
-18.8%
2 $305K$250K
-18.0%
3 $511.2K$505K
-1.2%
4 $768.5K$777K
+1.1%
5+ $894.5K$1.0M
+22.4%

Summary: Safety Harbor housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.8%, 2 bedroom homes decreased by 18%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 22.4%.

Median Sold Price Compared To Nearby Cities

Oldsmar
-5.5%
Clearwater
-5.6%
Safety Harbor
-11.4%

Housing Supply in Safety Harbor, FL

How many homes are available in Safety Harbor, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8997+9.0%

Summary: The Safety Harbor real estate market had 97 homes for sale in February 2024, a 9.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2324
+4.3%
3 3434
0.0%
4 2530
+20.0%
5+ 79
+28.6%

Summary: The Safety Harbor housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were 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. 70.6% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Safety Harbor in February 2024, up by 6.3% month-over-month. Of the 17 sold homes, 71% were sold under asking, 6% were sold at asking, and 24% 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

Feb 2023Feb 2024CHANGE
45 Days55 Days+22.5%

Summary: Homes in Safety Harbor had an average of 55 days on market in Feb 2024, up by 22.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were 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 February 2024, 17 homes were sold in Safety Harbor; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% 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 1 Day Ago

Newest Listings in Safety Harbor, FL

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