Is Clearwater, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Clearwater was a Seller's Market.
Key Takeaway
Clearwater 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 Clearwater, FL
How much do homes in Clearwater, FL cost?
Median Sold Price
$356,238
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Clearwater has remained the same since last year.
Summary: The median home sold price in Clearwater was $356,238 in May 2024, down 0.1% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160.6K | $157.7K | -1.8% |
| 2 Bedrooms | $272.6K | $275.3K | +1.0% |
| 3 Bedrooms | $424.9K | $435.3K | +2.4% |
| 4 Bedrooms | $541.6K | $579.2K | +6.9% |
| 5+ Bedrooms | $807K | $800K | -0.9% |
Summary: Clearwater housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Safety Harbor | $492K | $518.7K | +5.4% |
| Dunedin | $419.9K | $431.9K | +2.9% |
| Clearwater | $356.4K | $356.2K | -0.1% |
| Largo | $340K | $335.3K | -1.4% |
| Belleair | $635.5K | $625K | -1.7% |
Housing Supply in Clearwater, FL
How many homes are available in Clearwater, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,731 | 1,784 | +3.1% |
Summary: The Clearwater real estate market had 1,784 homes for sale in May 2024, a 3.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 201 | 219 | +9.0% |
| 2 Bedrooms | 804 | 813 | +1.1% |
| 3 Bedrooms | 493 | 507 | +2.8% |
| 4 Bedrooms | 174 | 186 | +6.9% |
| 5+ Bedrooms | 59 | 59 | 0.0% |
Summary: The Clearwater housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 300 | 261 | -13.0% |
Asking Price vs. Sold Price
192 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clearwater, you may be able to get a good deal. 73.6% of homes here sold below asking price last month.
Summary: A total of 261 homes were sold or pending in Clearwater in May 2024, down by 13.0% month-over-month. Of the 261 sold homes, 74% were sold under asking, 15% were sold at asking, and 12% were sold over asking.
Days on Market for Clearwater, FL
How long does it take to sell a home in Clearwater, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 56 Days | +65.2% |
Summary: Homes in Clearwater had an average of 56 days on market in May 2024, up by 65.2% compared to last year.
Breakdown of Home Sale Times
124 Homes Were Sold
Under 30 Days
86 Homes Were Sold
In 30 - 90 Days
51 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clearwater are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 261 homes were sold in Clearwater; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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