Is Fernandina Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fernandina Beach has remained a Seller's Market.
Housing Prices in Fernandina Beach, FL
How much do homes in Fernandina Beach, FL cost?
Median Sold Price
$589,286
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fernandina Beach was $589,286 in April 2024, up 2.5% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $353.7K | $445K | +25.8% |
2 Bedrooms | $455.2K | $522.5K | +14.8% |
3 Bedrooms | $570.8K | $584.7K | +2.4% |
4 Bedrooms | $600K | $615K | +2.5% |
5+ Bedrooms | $605K | $735K | +21.5% |
Summary: Fernandina Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
Fernandina Beach | $575K | $589.2K | +2.5% |
Yulee | $398.1K | $399.9K | 0.5% |
Housing Supply in Fernandina Beach, FL
How many homes are available in Fernandina Beach, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
325 | 350 | +7.7% |
Summary: The Fernandina Beach real estate market had 350 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 39 | 47 | +20.5% |
3 Bedrooms | 143 | 139 | -2.8% |
4 Bedrooms | 107 | 127 | +18.7% |
5+ Bedrooms | 32 | 32 | 0.0% |
Summary: The Fernandina Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 20.5%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 59 | +7.3% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in Fernandina Beach in April 2024, up by 7.3% month-over-month. Of the 59 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.
Days on Market for Fernandina Beach, FL
How long does it take to sell a home in Fernandina Beach, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 51 Days | -10.6% |
Summary: Homes in Fernandina Beach had an average of 51 days on market in Apr 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 59 homes were sold in Fernandina Beach; 44% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.