Is Pelican, 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, Pelican was a Seller's Market.
Housing Prices in Pelican, FL
How much do homes in Pelican, FL cost?
Median Sold Price
$495,880
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pelican was $495,880 in April 2024, down 6.4% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $169K | -3.4% |
2 Bedrooms | $240K | $280K | +16.7% |
3 Bedrooms | $544.9K | $499.4K | -8.3% |
4 Bedrooms | $575K | $534.3K | -7.1% |
5+ Bedrooms | $599.9K | $621.2K | +3.5% |
Summary: Pelican housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Neighborhoods
Tom Black Lake | $720K | $719.5K | -0.1% |
Hancock | $389K | $375K | -3.6% |
Trafalgar | $438.5K | $420.7K | -4.1% |
Caloosahatchee | $419K | $395.8K | -5.5% |
Pelican | $529.7K | $495.8K | -6.4% |
Housing Supply in Pelican, FL
How many homes are available in Pelican, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,134 | 1,205 | +6.3% |
Summary: The Pelican real estate market had 1,205 homes for sale in April 2024, a 6.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 93 | 99 | +6.5% |
3 Bedrooms | 677 | 713 | +5.3% |
4 Bedrooms | 312 | 339 | +8.7% |
5+ Bedrooms | 50 | 52 | +4.0% |
Summary: The Pelican 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 increased by 6.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
119 | 161 | +35.3% |
Asking Price vs. Sold Price
123 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 161 homes were sold or pending in Pelican in April 2024, up by 35.3% month-over-month. Of the 161 sold homes, 76% were sold under asking, 15% were sold at asking, and 9% were sold over asking.
Days on Market for Pelican, FL
How long does it take to sell a home in Pelican, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 70 Days | +64.2% |
Summary: Homes in Pelican had an average of 70 days on market in Apr 2024, up by 64.2% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
50 Homes Were Sold
Over 90 Days
Summary: During April 2024, 161 homes were sold in Pelican; 35% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.