Is Indian Beach / Sapphire Shores, 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, Indian Beach / Sapphire Shores has remained a Seller's Market.
Key Takeaway
Indian Beach / Sapphire Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Indian Beach / Sapphire Shores, FL
How much do homes in Indian Beach / Sapphire Shores, FL cost?
Median Sold Price
$724,500
$441/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Indian Beach / Sapphire Shores have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Indian Beach / Sapphire Shores was $724,500 in May 2024, up 14.5% from last year, and the median price per square foot was $441.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $470K | $465K | -1.1% |
| 3 Bedrooms | $760K | $750K | -1.3% |
| 4 Bedrooms | $2.5M | $1.8M | -26.0% |
| 5+ Bedrooms | $3.2M | $5.3M | +65.8% |
Summary: Indian Beach / Sapphire Shores 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 1.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 26%, and 5+ bedroom homes increased by 65.8%.
Median Sold Price Compared To Nearby Neighborhoods
| West of Trail | $650K | $836.6K | +28.7% |
| Indian Beach / Sapphire Shores | $632.5K | $724.5K | +14.5% |
Housing Supply in Indian Beach / Sapphire Shores, FL
How many homes are available in Indian Beach / Sapphire Shores, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The Indian Beach / Sapphire Shores real estate market had 42 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Indian Beach / Sapphire Shores housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indian Beach / Sapphire Shores, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Indian Beach / Sapphire Shores in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Indian Beach / Sapphire Shores, FL
How long does it take to sell a home in Indian Beach / Sapphire Shores, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 82 Days | 104 Days | +26.5% |
Summary: Homes in Indian Beach / Sapphire Shores had an average of 104 days on market in May 2024, up by 26.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Indian Beach / Sapphire Shores are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 9 homes were sold in Indian Beach / Sapphire Shores; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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