Is Upper East Side, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Upper East Side was a Seller's Market.
Key Takeaway
Upper East Side is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Upper East Side, FL
How much do homes in Upper East Side, FL cost?
Median Sold Price
$810,000
$582/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Upper East Side have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Upper East Side was $810,000 in March 2024, up 4.5% from last year, and the median price per square foot was $582.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $317.5K | -3.8% |
| 2 Bedrooms | $520K | $483.2K | -7.1% |
| 3 Bedrooms | $1.4M | $1.1M | -17.9% |
| 4 Bedrooms | $2.2M | $1.8M | -16.4% |
| 5+ Bedrooms | $5.3M | $8.1M | +53.8% |
Summary: Upper East Side housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 53.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Upper East Side | $775K | $810K | +4.5% |
| Morningside / Bay Shore | $1.7M | $1.5M | -7.4% |
Housing Supply in Upper East Side, FL
How many homes are available in Upper East Side, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 166 | 183 | +10.2% |
Summary: The Upper East Side real estate market had 183 homes for sale in March 2024, a 10.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 46 | +9.5% |
| 2 Bedrooms | 44 | 50 | +13.6% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 31 | 33 | +6.5% |
| 5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Upper East Side housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.5%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upper East Side, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Upper East Side in March 2024, up by 33.3% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.
Days on Market for Upper East Side, FL
How long does it take to sell a home in Upper East Side, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 90 Days | +7.5% |
Summary: Homes in Upper East Side had an average of 90 days on market in Mar 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Upper East Side are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 16 homes were sold in Upper East Side; 19% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.