Is Sunset Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Sunset Beach was a Seller's Market.
Key Takeaway
Sunset Beach 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 Sunset Beach, FL
How much do homes in Sunset Beach, FL cost?
Median Sold Price
$890,000
$657/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sunset Beach have sold for 22.8% more than they did a year ago.
Summary: The median home sold price in Sunset Beach was $890,000 in April 2024, up 22.8% from last year, and the median price per square foot was $657.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $540K | $350K | -35.2% |
| 2 Bedrooms | $763.7K | $875K | +14.6% |
| 3 Bedrooms | $862.5K | $1.0M | +21.2% |
| 4 Bedrooms | $1.5M | $1.4M | -5.2% |
| 5+ Bedrooms | - | $3.7M | N/A |
Summary: Sunset Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 21.2%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Treasure Island Downtown | $600K | $842.9K | +40.5% |
| Sunset Beach | $725K | $890K | +22.8% |
Housing Supply in Sunset Beach, FL
How many homes are available in Sunset Beach, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 47 | 56 | +19.1% |
Summary: The Sunset Beach real estate market had 56 homes for sale in April 2024, a 19.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 23 | 26 | +13.0% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Sunset Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunset Beach, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Sunset Beach in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Sunset Beach, FL
How long does it take to sell a home in Sunset Beach, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 102 Days | 46 Days | -54.4% |
Summary: Homes in Sunset Beach had an average of 46 days on market in Apr 2024, down by 54.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunset Beach are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Sunset Beach; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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