$2,671 Closing Credit*
$224,900
1,110 SqFt
2 Beds
•2 Full Baths
Aaron Eshack, Listing Office: ASSIST 2 SELL THE ESHACK TEAM
Is Gandy / Sun Bay South, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Gandy / Sun Bay South has remained a Seller's Market.
Key Takeaway
Gandy / Sun Bay South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gandy / Sun Bay South, FL
How much do homes in Gandy / Sun Bay South, FL cost?
Median Sold Price
$451,666
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$23,333(-4.9%)
Key Takeaway
Homes in Gandy / Sun Bay South have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Gandy / Sun Bay South was $451,666 in October 2024, down 4.9% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202K | $158.5K | -21.5% |
| 2 Bedrooms | $329.4K | $317K | -3.8% |
| 3 Bedrooms | $462.5K | $442K | -4.4% |
| 4 Bedrooms | $735K | $680K | -7.5% |
| 5+ Bedrooms | $925K | $650K | -29.7% |
Summary: Gandy / Sun Bay South housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 29.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Bayside West | $380K | $460K | +21.1% |
| South Tampa | $642K | $727.3K | +13.3% |
| Fair Oaks / Manhattan Manor | $310K | $344.9K | +11.3% |
| Gandy / Sun Bay South | $475K | $451.6K | -4.9% |
Housing Supply in Gandy / Sun Bay South, FL
How many homes are available in Gandy / Sun Bay South, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 180 | 164 | -8.9% |
Summary: The Gandy / Sun Bay South real estate market had 164 homes for sale in October 2024, a 8.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 31 | 28 | -9.7% |
| 3 Bedrooms | 94 | 90 | -4.3% |
| 4 Bedrooms | 43 | 34 | -20.9% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Gandy / Sun Bay South 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 9.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 20.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gandy / Sun Bay South, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Gandy / Sun Bay South in October 2024, down by 12.1% month-over-month. Of the 29 sold homes, 59% were sold under asking, 31% were sold at asking, and 10% were sold over asking.
Days on Market for Gandy / Sun Bay South, FL
How long does it take to sell a home in Gandy / Sun Bay South, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 56 Days | +137.6% |
Summary: Homes in Gandy / Sun Bay South had an average of 56 days on market in Oct 2024, up by 137.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gandy / Sun Bay South are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in Gandy / Sun Bay South; 41% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.