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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southside is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Southside has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Southside, FL

How much do homes in Southside, FL cost?

Median Sold Price

$1,000,000

$647/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$50,000(+5.3%)

Key Takeaway

Homes in Southside have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Southside was $1,000,000 in February 2024, up 5.3% from last year, and the median price per square foot was $647.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $125K$85K
-32.0%
2 $690K$824K
+19.4%
3 $1.0M$915K
-12.9%
4 $2.8M$2.2M
-19.2%
5+ $3.4M$4.0M
+18.3%

Summary: Southside housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32%, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes increased by 18.3%.

Housing Supply in Southside, FL

How many homes are available in Southside, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8896+9.1%

Summary: The Southside real estate market had 96 homes for sale in February 2024, a 9.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1412
-14.3%
3 3335
+6.1%
4 2630
+15.4%
5+ 1418
+28.6%

Summary: The Southside 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 decreased by 14.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
613+116.7%

Asking Price vs. Sold Price

11 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 Southside, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Southside in February 2024, up by 116.7% month-over-month. Of the 13 sold homes, 85% were sold under asking, 15% were sold at asking, and 0% were sold over asking.

Days on Market for Southside, FL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
85 Days55 Days-34.3%

Summary: Homes in Southside had an average of 55 days on market in Feb 2024, down by 34.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 13 homes were sold in Southside; 46% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 46% 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 28 Days Ago

Newest Listings in Southside, FL

Nearby Markets to Southside, FL