$2,078 Closing Credit*
$175,000
644 SqFt
1 Bed
•1 Full Bath
Katrina DeMorato, Listing Office: SUNBAY REAL ESTATE LLC
Is Ballast Point, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ballast Point was a Seller's Market.
Key Takeaway
Ballast Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ballast Point, FL
How much do homes in Ballast Point, FL cost?
Median Sold Price
$650,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,000(+5.0%)
Key Takeaway
Homes in Ballast Point have sold for 5% more than they did a year ago.
Summary: The median home sold price in Ballast Point was $650,000 in October 2024, up 5% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162K | $160K | -1.2% |
| 2 Bedrooms | $370K | $409.9K | +10.8% |
| 3 Bedrooms | $565K | $595K | +5.3% |
| 4 Bedrooms | $904.5K | $982.5K | +8.6% |
| 5+ Bedrooms | $1.2M | $1.5M | +23.1% |
Summary: Ballast Point housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Neighborhoods
| South Tampa | $642K | $727.3K | +13.3% |
| Bayshore Beautiful | $1.2M | $1.3M | +11.8% |
| Ballast Point | $619K | $650K | +5.0% |
Housing Supply in Ballast Point, FL
How many homes are available in Ballast Point, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Summary: The Ballast Point real estate market had 44 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Ballast Point housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
4 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 Ballast Point, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Ballast Point in October 2024, down by 54.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Ballast Point, FL
How long does it take to sell a home in Ballast Point, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 47 Days | +64.8% |
Summary: Homes in Ballast Point had an average of 47 days on market in Oct 2024, up by 64.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ballast Point are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Ballast Point; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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