Is Burnt Store Marina, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Burnt Store Marina has remained a Buyer's Market.
Key Takeaway
Burnt Store Marina is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Burnt Store Marina, FL
How much do homes in Burnt Store Marina, FL cost?
Median Sold Price
$460,750
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Burnt Store Marina have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Burnt Store Marina was $460,750 in May 2024, up 7.2% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $273.5K | - | N/A |
| 2 Bedrooms | $380K | $365K | -3.9% |
| 3 Bedrooms | $609K | $555K | -8.9% |
| 4 Bedrooms | $773.5K | $990K | +28.0% |
| 5+ Bedrooms | $600K | - | N/A |
Summary: Burnt Store Marina housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 28%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Burnt Store Marina | $430K | $460.7K | +7.2% |
| Burnt Store | $439K | $450K | +2.5% |
Housing Supply in Burnt Store Marina, FL
How many homes are available in Burnt Store Marina, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 154 | 152 | -1.3% |
Summary: The Burnt Store Marina real estate market had 152 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 76 | 71 | -6.6% |
| 3 Bedrooms | 72 | 73 | +1.4% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burnt Store Marina housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnt Store Marina, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Burnt Store Marina in May 2024, up by 28.6% month-over-month. Of the 18 sold homes, 72% were sold under asking, 28% were sold at asking, and 0% were sold over asking.
Days on Market for Burnt Store Marina, FL
How long does it take to sell a home in Burnt Store Marina, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 174 Days | +630.2% |
Summary: Homes in Burnt Store Marina had an average of 174 days on market in May 2024, up by 630.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Burnt Store Marina are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 18 homes were sold in Burnt Store Marina; 28% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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