Is El Centro Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Centro Beach is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, El Centro Beach has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in El Centro Beach, FL

How much do homes in El Centro Beach, FL cost?

Median Sold Price

$650,000

$312/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$380,000(+140.7%)

Key Takeaway

Homes in El Centro Beach have sold for 140.7% more than they did a month ago.

Summary: The median home sold price in El Centro Beach was $650,000 in October 2024, up 140.7% from last month, and the median price per square foot was $312.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $270K-
N/A
3 --
N/A
4 -$625K
N/A
5+ -$675K
N/A

Summary: El Centro Beach housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in El Centro Beach, FL

How many homes are available in El Centro Beach, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1716-5.9%

Summary: The El Centro Beach real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 53
-40.0%
3 55
0.0%
4 45
+25.0%
5+ 22
0.0%

Summary: The El Centro Beach 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 decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Centro Beach, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in El Centro Beach in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for El Centro Beach, FL

How long does it take to sell a home in El Centro Beach, FL?

Average Sale Time

Sep 2024Oct 2024CHANGE
30 Days35 Days+18.3%

Summary: Homes in El Centro Beach had an average of 35 days on market in Oct 2024, up by 18.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in El Centro Beach; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in El Centro Beach, FL

Nearby Markets to El Centro Beach, FL