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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clearwater is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Clearwater was a Seller's Market.

Key Takeaway

Clearwater is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Clearwater, FL

How much do homes in Clearwater, FL cost?

Median Sold Price

$358,507

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,352(+2.4%)

Key Takeaway

Homes in Clearwater have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Clearwater was $358,507 in October 2024, up 2.4% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$149.9K
-9.2%
2 $268.2K$270K
+0.7%
3 $430K$434.9K
+1.2%
4 $547K$575K
+5.1%
5+ $796K$801K
+0.6%

Summary: Clearwater housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

Belleair
+31.8%
Safety Harbor
+20.5%
Largo
+5.3%
Clearwater
+2.4%
Dunedin
+0.7%

Housing Supply in Clearwater, FL

How many homes are available in Clearwater, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,5181,534+1.1%

Summary: The Clearwater real estate market had 1,534 homes for sale in October 2024, a 1.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 176172
-2.3%
2 729741
+1.6%
3 432435
+0.7%
4 139143
+2.9%
5+ 4243
+2.4%

Summary: The Clearwater housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
183186+1.6%

Asking Price vs. Sold Price

140 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clearwater, you may be able to get a good deal. 75.3% of homes here sold below asking price last month.

Summary: A total of 186 homes were sold or pending in Clearwater in October 2024, up by 1.6% month-over-month. Of the 186 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.

Days on Market for Clearwater, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days63 Days+78.6%

Summary: Homes in Clearwater had an average of 63 days on market in Oct 2024, up by 78.6% compared to last year.

Breakdown of Home Sale Times

76 Homes Were Sold
Under 30 Days

61 Homes Were Sold
In 30 - 90 Days

49 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 186 homes were sold in Clearwater; 41% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 26% 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 16 Days Ago

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