Is Brandon, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brandon is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Brandon, FL

How much do homes in Brandon, FL cost?

Median Sold Price

$371,366

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,845(+0.5%)

Key Takeaway

The sold price of homes in Brandon has remained the same since last year.

Summary: The median home sold price in Brandon was $371,366 in November 2024, up 0.5% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $145K$170K
+17.2%
2 $249.9K$234.9K
-6.0%
3 $340K$349.9K
+2.9%
4 $440K$445K
+1.1%
5+ $612.5K$604K
-1.4%

Summary: Brandon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Dover
+11.1%
Valrico
+0.9%
Riverview
+0.6%
Brandon
0.5%
Seffner
-2.0%

Housing Supply in Brandon, FL

How many homes are available in Brandon, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
756753-0.4%

Summary: The Brandon real estate market had 753 homes for sale in November 2024, a 0.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 89
+12.5%
2 8192
+13.6%
3 344331
-3.8%
4 273265
-2.9%
5+ 5056
+12.0%

Summary: The Brandon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 12%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
127137+7.9%

Asking Price vs. Sold Price

75 Homes Were Sold
Under Asking

39 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer55%28%17%

Key Takeaway

If you're buying a home in Brandon, you may be able to get a good deal. 54.7% of homes here sold below asking price last month.

Summary: A total of 137 homes were sold or pending in Brandon in November 2024, up by 7.9% month-over-month. Of the 137 sold homes, 55% were sold under asking, 28% were sold at asking, and 17% were sold over asking.

Days on Market for Brandon, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days63 Days+92.0%

Summary: Homes in Brandon had an average of 63 days on market in Nov 2024, up by 92% compared to last year.

Breakdown of Home Sale Times

57 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

37 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times42%31%27%

Key Takeaway

Many homes in Brandon are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 137 homes were sold in Brandon; 42% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 27% 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

Newest Listings in Brandon, FL

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