$7,300,000
6,411 SqFt
5 Beds
•6 Full Baths, 1 Partial
Judith Hansen, Listing Office: Compass Florida, LLC.
Is Gables Bayfront, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Gables Bayfront was a Neutral Market.
Key Takeaway
Gables Bayfront is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gables Bayfront, FL
How much do homes in Gables Bayfront, FL cost?
Median Sold Price
$6,200,000
$1,387/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,820,000(+41.6%)
Key Takeaway
Homes in Gables Bayfront have sold for 41.6% more than they did a year ago.
Summary: The median home sold price in Gables Bayfront was $6,200,000 in November 2024, up 41.6% from last year, and the median price per square foot was $1,387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $4.2M | $5.0M | +20.2% |
| 4 Bedrooms | $2.8M | $5.5M | +90.3% |
| 5+ Bedrooms | $4.7M | $8.0M | +67.5% |
Summary: Gables Bayfront housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 90.3%, and 5+ bedroom homes increased by 67.5%.
Housing Supply in Gables Bayfront, FL
How many homes are available in Gables Bayfront, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Summary: The Gables Bayfront real estate market had 43 homes for sale in November 2024, a 4.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 29 | 33 | +13.8% |
Summary: The Gables Bayfront housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gables Bayfront, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Gables Bayfront in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Gables Bayfront, FL
How long does it take to sell a home in Gables Bayfront, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 101 Days | 120 Days | +19.6% |
Summary: Homes in Gables Bayfront had an average of 120 days on market in Nov 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gables Bayfront has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Gables Bayfront; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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