Is Gulf Breeze, 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, Gulf Breeze was a Seller's Market.
Housing Prices in Gulf Breeze, FL
How much do homes in Gulf Breeze, FL cost?
Median Sold Price
$410,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gulf Breeze was $410,000 in May 2024, up 2.5% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $367.5K | +182.7% |
2 Bedrooms | $499K | $385K | -22.8% |
3 Bedrooms | $356K | $357.2K | 0.4% |
4 Bedrooms | $462.4K | $475K | +2.7% |
5+ Bedrooms | $651.5K | $720K | +10.5% |
Summary: Gulf Breeze housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 182.7%, 2 bedroom homes decreased by 22.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Navarre Beach | $750K | $881K | +17.5% |
Midway | $385K | $399K | +3.6% |
Holley-Navarre | $395K | $406.6K | +2.9% |
Gulf Breeze | $400K | $410K | +2.5% |
Gulf Breeze | $400K | $410K | +2.5% |
Housing Supply in Gulf Breeze, FL
How many homes are available in Gulf Breeze, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 72 | +2.9% |
Summary: The Gulf Breeze real estate market had 72 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 28 | 28 | 0.0% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Gulf Breeze 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 16.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Gulf Breeze in May 2024, down by 26.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Gulf Breeze, FL
How long does it take to sell a home in Gulf Breeze, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 43 Days | -6.3% |
Summary: Homes in Gulf Breeze had an average of 43 days on market in May 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Gulf Breeze; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.