Is Madeira 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, Madeira Beach has remained a Neutral Market.
Key Takeaway
Madeira 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 Madeira Beach, FL
How much do homes in Madeira Beach, FL cost?
Median Sold Price
$785,000
$647/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Madeira Beach have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Madeira Beach was $785,000 in April 2024, up 5.1% from last year, and the median price per square foot was $647.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $411K | $410K | -0.2% |
| 2 Bedrooms | $649.9K | $675K | +3.9% |
| 3 Bedrooms | $1.0M | $998K | -2.3% |
| 4 Bedrooms | $1.3M | $1.5M | +11.1% |
| 5+ Bedrooms | $1.5M | $2.8M | +84.6% |
Summary: Madeira Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 84.6%.
Median Sold Price Compared To Nearby Cities
| Treasure Island | $600K | $778.3K | +29.7% |
| Redington Beach | $810K | $858K | +5.9% |
| Madeira Beach | $747.2K | $785K | +5.1% |
| Seminole | $380K | $399.5K | +5.1% |
| Boca Ciega | $474.5K | $469.2K | -1.1% |
Housing Supply in Madeira Beach, FL
How many homes are available in Madeira Beach, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 170 | 173 | +1.8% |
Summary: The Madeira Beach real estate market had 173 homes for sale in April 2024, a 1.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 18 | 0.0% |
| 2 Bedrooms | 76 | 74 | -2.6% |
| 3 Bedrooms | 60 | 65 | +8.3% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Madeira Beach 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 decreased by 2.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madeira Beach, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Madeira Beach in April 2024, the same as the previous month. Of the 28 sold homes, 61% were sold under asking, 29% were sold at asking, and 11% were sold over asking.
Days on Market for Madeira Beach, FL
How long does it take to sell a home in Madeira Beach, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 56 Days | +9.7% |
Summary: Homes in Madeira Beach had an average of 56 days on market in Apr 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madeira Beach are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Madeira Beach; 54% of homes were sold within 30 days, 21% 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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