Is Hutchinson Island, 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, Hutchinson Island was a Seller's Market.
Housing Prices in Hutchinson Island, FL
How much do homes in Hutchinson Island, FL cost?
Median Sold Price
$467,333
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hutchinson Island was $467,333 in May 2024, up 0.4% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $282.5K | $269K | -4.8% |
2 Bedrooms | $450K | $425K | -5.6% |
3 Bedrooms | $675K | $748.5K | +10.9% |
4 Bedrooms | $790K | $960K | +21.5% |
5+ Bedrooms | $2.9M | $1.1M | -62.7% |
Summary: Hutchinson Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes decreased by 62.7%.
Median Sold Price Compared To Nearby Cities
Jensen Beach | $451.3K | $475.1K | +5.3% |
Fort Pierce | $285K | $295.1K | +3.5% |
Hutchinson Island | $465.6K | $467.3K | 0.4% |
Housing Supply in Hutchinson Island, FL
How many homes are available in Hutchinson Island, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
304 | 322 | +5.9% |
Summary: The Hutchinson Island real estate market had 322 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 36 | 41 | +13.9% |
2 Bedrooms | 170 | 178 | +4.7% |
3 Bedrooms | 65 | 71 | +9.2% |
4 Bedrooms | 29 | 28 | -3.4% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hutchinson Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 44 | +69.2% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Hutchinson Island in May 2024, up by 69.2% month-over-month. Of the 44 sold homes, 77% were sold under asking, 20% were sold at asking, and 2% were sold over asking.
Days on Market for Hutchinson Island, FL
How long does it take to sell a home in Hutchinson Island, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 109 Days | +56.7% |
Summary: Homes in Hutchinson Island had an average of 109 days on market in May 2024, up by 56.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Hutchinson Island; 25% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.