$4,275 Closing Credit*
$360,000
1,210 SqFt
2 Beds
•2 Full Baths
Listing Office: Bob Hodges And Sons Realty
Is Southport, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Southport was a Seller's Market.
Key Takeaway
Southport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Southport, FL
How much do homes in Southport, FL cost?
Median Sold Price
$449,900
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$17,687(-3.8%)
Key Takeaway
Homes in Southport have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Southport was $449,900 in August 2024, down 3.8% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $250K | +61.3% |
| 2 Bedrooms | $473.7K | $475K | 0.3% |
| 3 Bedrooms | $508.7K | $575K | +13.0% |
| 4 Bedrooms | $449.9K | $399.9K | -11.1% |
| 5+ Bedrooms | $480K | $489.9K | +2.1% |
Summary: Southport housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.3%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Lynn Haven | $339.9K | $354.9K | +4.4% |
| Youngstown | $285K | $290K | +1.8% |
| Panama City Beaches | $472.3K | $458K | -3.0% |
| Southport | $467.5K | $449.9K | -3.8% |
Housing Supply in Southport, FL
How many homes are available in Southport, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 202 | 201 | -0.5% |
Summary: The Southport real estate market had 201 homes for sale in August 2024, a 0.5% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 44 | 45 | +2.3% |
| 3 Bedrooms | 63 | 66 | +4.8% |
| 4 Bedrooms | 75 | 71 | -5.3% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Southport housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 35 | 30 | -14.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southport, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Southport in August 2024, down by 14.3% month-over-month. Of the 30 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 52 Days | 57 Days | +9.7% |
Summary: Homes in Southport had an average of 57 days on market in Aug 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 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 August 2024, 30 homes were sold in Southport; 57% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.