Is Bayshore Gardens, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bayshore Gardens is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Bayshore Gardens has remained a Seller's Market.

Key Takeaway

Bayshore Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bayshore Gardens, FL

How much do homes in Bayshore Gardens, FL cost?

Median Sold Price

$1,895,000

$745/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,225,000(+182.8%)

Key Takeaway

Homes in Bayshore Gardens have sold for 182.8% more than they did a year ago.

Summary: The median home sold price in Bayshore Gardens was $1,895,000 in November 2024, up 182.8% from last year, and the median price per square foot was $745.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $241K$249.9K
+3.7%
2 $665K$1.4M
+111.3%
3 $790K$2.0M
+154.8%
4 $1.8M$2.2M
+22.4%
5+ $1.2M$3.6M
+193.1%

Summary: Bayshore Gardens housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 111.3%, 3 bedroom homes increased by 154.8%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 193.1%.

Median Sold Price Compared To Nearby Neighborhoods

Bayshore Gardens
+182.8%
Palma Ceia
+45.0%
South Tampa
+14.7%
Historic Hyde Park
+9.7%

Housing Supply in Bayshore Gardens, FL

How many homes are available in Bayshore Gardens, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7989+12.7%

Summary: The Bayshore Gardens real estate market had 89 homes for sale in November 2024, a 12.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 3639
+8.3%
3 2834
+21.4%
4 1414
0.0%
5+ 00
0.0%

Summary: The Bayshore Gardens housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
415+275.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bayshore Gardens, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Bayshore Gardens in November 2024, up by 275.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.

Days on Market for Bayshore Gardens, FL

How long does it take to sell a home in Bayshore Gardens, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
69 Days80 Days+15.2%

Summary: Homes in Bayshore Gardens had an average of 80 days on market in Nov 2024, up by 15.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Bayshore Gardens are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 15 homes were sold in Bayshore Gardens; 33% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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