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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Bay is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, South Bay has remained a Seller's Market.

Key Takeaway

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

How much do homes in South Bay, FL cost?

Median Sold Price

$200,000

$125/sqft

Based on all homes sold in December 2022.

The Median Sold Price hasn't changed since November 2022.

Key Takeaway

The sold price of homes in South Bay has remained the same since last month.

Median Sold Price By Bedroom Count

# BEDSNov 2022Dec 2022%
1 --
N/A
2 --
N/A
3 $200K-
N/A
4 -$200K
N/A
5+ --
N/A

How many homes are available in South Bay, FL?

Number of Homes For Sale

Nov 2022Dec 2022%
65-16.7%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 01
+100.0%
3 53
-40.0%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Bay, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2022Dec 2022%
33 Days39 Days+15.8%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in South Bay has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About South Bay, FL

South Bay, FL has 5 homes for sale to choose from. In December 2022 in South Bay, FL there were 16.7% less homes for sale than in November 2022. While the average time on the market in December 2022 was 39 days, the median list price was $200,000. Between December 2021 and December 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 0%, 3 bedrooms properties became 0% more expensive, 4 bedrooms properties prices increased by 0%, 5 bedrooms properties became 0% more expensive. Volume of homes for sale changed: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went up by 100%, 3 bedrooms homes became 40% less available, 4 bedrooms homes did not move, number of 5 bedrooms homes remained the same. In December 2022, from all listings sold in South Bay, FL there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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