Is Southport, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southport has remained a Seller's Market.
Key Takeaway
Southport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southport, FL
How much do homes in Southport, FL cost?
Median Sold Price
$477,303
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southport have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Southport was $477,303 in April 2024, up 4.1% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $246.2K | +58.9% |
| 2 Bedrooms | $485K | $476.6K | -1.7% |
| 3 Bedrooms | $386.5K | $608.7K | +57.5% |
| 4 Bedrooms | $461K | $437.4K | -5.1% |
| 5+ Bedrooms | $624.5K | $480K | -23.1% |
Summary: Southport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.9%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 57.5%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 23.1%.
Median Sold Price Compared To Nearby Cities
| Lynn Haven | $320K | $349.9K | +9.3% |
| Southport | $458.6K | $477.3K | +4.1% |
| Youngstown | $285K | $295K | +3.5% |
| Panama City Beaches | $474.9K | $468.6K | -1.3% |
Housing Supply in Southport, FL
How many homes are available in Southport, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 130 | 137 | +5.4% |
Summary: The Southport real estate market had 137 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 42 | 47 | +11.9% |
| 4 Bedrooms | 57 | 53 | -7.0% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Southport 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 increased by 8.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 26 | +85.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southport, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Southport in April 2024, up by 85.7% month-over-month. Of the 26 sold homes, 69% were sold under asking, 19% were sold at asking, and 12% were sold over asking.
Days on Market for Southport, FL
How long does it take to sell a home in Southport, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 52 Days | -13.9% |
Summary: Homes in Southport had an average of 52 days on market in Apr 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southport are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 26 homes were sold in Southport; 46% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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Listings courtesy of Stellar MLS as distributed by MLS GRID.
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