Is Saint Andrews Bay, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Andrews Bay is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Saint Andrews Bay has remained a Seller's Market.

Key Takeaway

Saint Andrews Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saint Andrews Bay, FL

How much do homes in Saint Andrews Bay, FL cost?

Median Sold Price

$340,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,000(+4.6%)

Key Takeaway

Homes in Saint Andrews Bay have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Saint Andrews Bay was $340,000 in April 2024, up 4.6% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $155K-
N/A
2 $219.9K$249.9K
+13.6%
3 $306K$298.9K
-2.3%
4 $340.2K$350.3K
+3.0%
5+ $429.9K$434.6K
+1.1%

Summary: Saint Andrews Bay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 1.1%.

Housing Supply in Saint Andrews Bay, FL

How many homes are available in Saint Andrews Bay, FL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
186170-8.6%

Summary: The Saint Andrews Bay real estate market had 170 homes for sale in April 2024, a 8.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1110
-9.1%
3 7065
-7.1%
4 9385
-8.6%
5+ 1210
-16.7%

Summary: The Saint Andrews Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4546+2.2%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Andrews Bay, expect to pay close to the asking price. 47.8% of homes here sold near the asking price last month.

Summary: A total of 46 homes were sold or pending in Saint Andrews Bay in April 2024, up by 2.2% month-over-month. Of the 46 sold homes, 43% were sold under asking, 48% were sold at asking, and 9% were sold over asking.

Days on Market for Saint Andrews Bay, FL

How long does it take to sell a home in Saint Andrews Bay, FL?

Average Sale Time

Apr 2023Apr 2024CHANGE
54 Days52 Days-4.2%

Summary: Homes in Saint Andrews Bay had an average of 52 days on market in Apr 2024, down by 4.2% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 46 homes were sold in Saint Andrews Bay; 41% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 20% 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 11 Days Ago

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