$6,174 Closing Credit*
$519,950
1,504 SqFt
4 Beds
•2 Full Baths
Tatyana Vasilkova, Listing Office: REMAX Affinity Mercato
Is Eastern Shores, 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, Eastern Shores was a Neutral Market.
Key Takeaway
Eastern Shores is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Eastern Shores, FL
How much do homes in Eastern Shores, FL cost?
Median Sold Price
$345,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$40,000(-10.4%)
Key Takeaway
Homes in Eastern Shores have sold for 10.4% less than they did a year ago.
Summary: The median home sold price in Eastern Shores was $345,000 in October 2024, down 10.4% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $130K | -16.1% |
| 2 Bedrooms | $230K | $235K | +2.2% |
| 3 Bedrooms | $522.5K | $547.5K | +4.8% |
| 4 Bedrooms | $625K | $559K | -10.6% |
| 5+ Bedrooms | $1.0M | $1.1M | +8.3% |
Summary: Eastern Shores housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in Eastern Shores, FL
How many homes are available in Eastern Shores, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 153 | +8.5% |
Summary: The Eastern Shores real estate market had 153 homes for sale in October 2024, a 8.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 47 | +11.9% |
| 2 Bedrooms | 35 | 36 | +2.9% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 19 | 24 | +26.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Eastern Shores housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Eastern Shores, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Eastern Shores in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Eastern Shores, FL
How long does it take to sell a home in Eastern Shores, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 118 Days | +106.0% |
Summary: Homes in Eastern Shores had an average of 118 days on market in Oct 2024, up by 106% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Eastern Shores are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in Eastern Shores; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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