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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fernandina Beach is a buyer's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Fernandina Beach, FL

How much do homes in Fernandina Beach, FL cost?

Median Sold Price

$598,742

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$28,743(+5.0%)

Key Takeaway

Homes in Fernandina Beach have sold for 5% more than they did a year ago.

Summary: The median home sold price in Fernandina Beach was $598,742 in December 2024, up 5% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $350K$537.5K
+53.6%
2 $492.5K$525K
+6.6%
3 $565.5K$582.2K
+3.0%
4 $580K$640K
+10.3%
5+ $661.9K$580K
-12.4%

Summary: Fernandina Beach housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 12.4%.

Median Sold Price Compared To Nearby Cities

Yulee
+9.3%
Fernandina Beach
+5.0%

Housing Supply in Fernandina Beach, FL

How many homes are available in Fernandina Beach, FL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
299296-1.0%

Summary: The Fernandina Beach real estate market had 296 homes for sale in December 2024, a 1.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 12
+100.0%
2 3842
+10.5%
3 121115
-5.0%
4 109107
-1.8%
5+ 3030
0.0%

Summary: The Fernandina Beach housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3734-8.1%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fernandina Beach, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Fernandina Beach in December 2024, down by 8.1% month-over-month. Of the 34 sold homes, 68% were sold under asking, 26% were sold at asking, and 6% were sold over asking.

Days on Market for Fernandina Beach, FL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
68 Days72 Days+6.9%

Summary: Homes in Fernandina Beach had an average of 72 days on market in Dec 2024, up by 6.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 34 homes were sold in Fernandina Beach; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 35% 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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