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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Augustine is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Saint Augustine was a Seller's Market.

Key Takeaway

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

Housing Prices in Saint Augustine, FL

How much do homes in Saint Augustine, FL cost?

Median Sold Price

$495,000

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$68,750(+16.1%)

Key Takeaway

Homes in Saint Augustine have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Saint Augustine was $495,000 in February 2024, up 16.1% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $230K$222.9K
-3.1%
2 $290K$347.5K
+19.8%
3 $465K$477K
+2.6%
4 $799K$715K
-10.5%
5+ $820K$760K
-7.3%

Summary: Saint Augustine housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 7.3%.

Housing Supply in Saint Augustine, FL

How many homes are available in Saint Augustine, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
200231+15.5%

Summary: The Saint Augustine real estate market had 231 homes for sale in February 2024, a 15.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 3746
+24.3%
3 97116
+19.6%
4 4445
+2.3%
5+ 1921
+10.5%

Summary: The Saint Augustine 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 24.3%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Augustine, you may be able to get a good deal. 89.5% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Saint Augustine in February 2024, up by 18.8% month-over-month. Of the 19 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.

Days on Market for Saint Augustine, FL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
57 Days85 Days+49.6%

Summary: Homes in Saint Augustine had an average of 85 days on market in Feb 2024, up by 49.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Saint Augustine has remained consistent over time.

Summary: During February 2024, 19 homes were sold in Saint Augustine; 21% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 32% 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 27 Days Ago

Newest Listings in Saint Augustine, FL

Nearby Markets to Saint Augustine, FL