Is Gulf Breeze, 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, Gulf Breeze has remained a Seller's Market.
Key Takeaway
Gulf Breeze is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gulf Breeze, FL
How much do homes in Gulf Breeze, FL cost?
Median Sold Price
$400,000
$221/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Gulf Breeze has remained the same since last year.
Summary: The median home sold price in Gulf Breeze was $400,000 in April 2024, the same as last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $367.5K | +182.7% |
| 2 Bedrooms | $499K | $342K | -31.5% |
| 3 Bedrooms | $355K | $357K | +0.6% |
| 4 Bedrooms | $465.8K | $451K | -3.2% |
| 5+ Bedrooms | $739.5K | $647.5K | -12.4% |
Summary: Gulf Breeze housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 182.7%, 2 bedroom homes decreased by 31.5%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Navarre Beach | $758.7K | $787.5K | +3.8% |
| Midway | $385K | $389.5K | +1.2% |
| Holley-Navarre | $397.3K | $400K | +0.7% |
| Gulf Breeze | $400K | $400K | 0.0% |
| Gulf Breeze | $400K | $400K | 0.0% |
Housing Supply in Gulf Breeze, FL
How many homes are available in Gulf Breeze, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 | 75 | -1.3% |
Summary: The Gulf Breeze real estate market had 75 homes for sale in April 2024, a 1.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 30 | 25 | -16.7% |
| 4 Bedrooms | 30 | 30 | 0.0% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Gulf Breeze 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 decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gulf Breeze, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Gulf Breeze in April 2024, down by 22.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.
Days on Market for Gulf Breeze, FL
How long does it take to sell a home in Gulf Breeze, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 74 Days | +41.9% |
Summary: Homes in Gulf Breeze had an average of 74 days on market in Apr 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gulf Breeze are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Gulf Breeze; 36% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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