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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stuart is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Stuart was a Seller's Market.

Key Takeaway

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

Housing Prices in Stuart, FL

How much do homes in Stuart, FL cost?

Median Sold Price

$410,864

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$44,081(+12.0%)

Key Takeaway

Homes in Stuart have sold for 12% more than they did a year ago.

Summary: The median home sold price in Stuart was $410,864 in May 2024, up 12% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $168K$144.7K
-13.8%
2 $275K$280K
+1.8%
3 $425K$455K
+7.1%
4 $749K$714.9K
-4.5%
5+ $1.2M$710K
-44.3%

Summary: Stuart housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 44.3%.

Median Sold Price Compared To Nearby Cities

Stuart
+12.0%
Port Salerno-Hobe Sound
+12.0%
Palm City
+11.9%
Jensen Beach
+5.3%

Housing Supply in Stuart, FL

How many homes are available in Stuart, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
598642+7.4%

Summary: The Stuart real estate market had 642 homes for sale in May 2024, a 7.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 3535
0.0%
2 236242
+2.5%
3 211235
+11.4%
4 7888
+12.8%
5+ 3842
+10.5%

Summary: The Stuart housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
8789+2.3%

Asking Price vs. Sold Price

66 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stuart, you may be able to get a good deal. 74.2% of homes here sold below asking price last month.

Summary: A total of 89 homes were sold or pending in Stuart in May 2024, up by 2.3% month-over-month. Of the 89 sold homes, 74% were sold under asking, 18% were sold at asking, and 8% were sold over asking.

Days on Market for Stuart, FL

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

Average Sale Time

May 2023May 2024CHANGE
34 Days60 Days+76.3%

Summary: Homes in Stuart had an average of 60 days on market in May 2024, up by 76.3% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 89 homes were sold in Stuart; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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 16 Days Ago

Newest Listings in Stuart, FL

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