Is Southport, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southport is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Southport, FL cost?

Median Sold Price

$397,500

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$47,533(+13.6%)

Key Takeaway

Homes in Southport have sold for 13.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $329K$425K
+29.2%
3 $320K$360K
+12.5%
4 $355K$425.2K
+19.8%
5+ $440K$610K
+38.6%

Median Sold Price Compared To Nearby Cities

Youngstown
+26.4%
Panama City Beaches
+25.1%
Lynn Haven
+17.9%
Southport
+13.6%

How many homes are available in Southport, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
8994+5.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 76
-14.3%
3 3635
-2.8%
4 4045
+12.5%
5+ 57
+40.0%

Number of Homes Sold

Jul 2022Aug 2022%
17170.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southport, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
20 Days34 Days+65.7%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Southport, FL

Homes for sale in Southport, FL have reached 94. Between July 2022 and August 2022, Southport, FL real estate market has seen increase in the number of listings by 5.6%. In August 2022 median list price was $397,500 and the average listing age was 34 days. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties became 29.2% more expensive, 3 bedrooms properties prices increased by 12.5%, 4 bedrooms properties prices increased by 19.8%, 5 bedrooms properties became 38.6% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes became 14.3% less available, the quantity of 3 bedrooms homes went down by 2.8%, 4 bedrooms homes inventory increased by 12.5%, 5 bedrooms homes inventory increased by 40%. Over 3 listings were sold over their listed price in August 2022 in Southport, FL. In the same period over 9 listings were sold below the listed price and 5 listings were sold for the listed price.

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