Is Gandy / Sun Bay South, 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, Gandy / Sun Bay South was a Seller's Market.
Key Takeaway
Gandy / Sun Bay South 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 Gandy / Sun Bay South, FL
How much do homes in Gandy / Sun Bay South, FL cost?
Median Sold Price
$480,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gandy / Sun Bay South have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Gandy / Sun Bay South was $480,000 in April 2024, up 5.5% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157.5K | $189.9K | +20.6% |
| 2 Bedrooms | $339.9K | $319K | -6.2% |
| 3 Bedrooms | $446.8K | $460.7K | +3.1% |
| 4 Bedrooms | $695K | $700K | +0.7% |
| 5+ Bedrooms | $830K | $941.2K | +13.4% |
Summary: Gandy / Sun Bay South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Fair Oaks / Manhattan Manor | $285K | $317.5K | +11.4% |
| Gandy / Sun Bay South | $455K | $480K | +5.5% |
| South Tampa | $623.5K | $653.2K | +4.8% |
| Bayside West | $377.5K | $386.2K | +2.3% |
Housing Supply in Gandy / Sun Bay South, FL
How many homes are available in Gandy / Sun Bay South, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 173 | 170 | -1.7% |
Summary: The Gandy / Sun Bay South real estate market had 170 homes for sale in April 2024, a 1.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 88 | 91 | +3.4% |
| 4 Bedrooms | 47 | 44 | -6.4% |
| 5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Gandy / Sun Bay South housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 27 | -27.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gandy / Sun Bay South, you may be able to get a good deal. 74.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Gandy / Sun Bay South in April 2024, down by 27.0% month-over-month. Of the 27 sold homes, 74% were sold under asking, 11% were sold at asking, and 15% were sold over asking.
Days on Market for Gandy / Sun Bay South, FL
How long does it take to sell a home in Gandy / Sun Bay South, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 66 Days | +298.3% |
Summary: Homes in Gandy / Sun Bay South had an average of 66 days on market in Apr 2024, up by 298.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gandy / Sun Bay South are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 27 homes were sold in Gandy / Sun Bay South; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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