Is Gibsonton, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gibsonton is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Gibsonton has remained a Seller's Market.

Key Takeaway

Gibsonton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gibsonton, FL

How much do homes in Gibsonton, FL cost?

Median Sold Price

$334,500

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,500(+1.4%)

Key Takeaway

Homes in Gibsonton have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Gibsonton was $334,500 in October 2024, up 1.4% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $185K-
N/A
2 $231.5K$228K
-1.5%
3 $316.2K$317.5K
0.4%
4 $370K$375.5K
+1.5%
5+ $428K$407.5K
-4.8%

Summary: Gibsonton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Cities

Riverview
+1.7%
Gibsonton
+1.4%
Palm River-Gibsonton
0.1%
Ruskin
-1.5%
Apollo Beach
-6.4%

Housing Supply in Gibsonton, FL

How many homes are available in Gibsonton, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103101-1.9%

Summary: The Gibsonton real estate market had 101 homes for sale in October 2024, a 1.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 5655
-1.8%
4 3030
0.0%
5+ 77
0.0%

Summary: The Gibsonton 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 11.1%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
917+88.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gibsonton, expect to pay close to the asking price. 58.8% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in Gibsonton in October 2024, up by 88.9% month-over-month. Of the 17 sold homes, 29% were sold under asking, 59% were sold at asking, and 12% were sold over asking.

Days on Market for Gibsonton, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days84 Days+198.5%

Summary: Homes in Gibsonton had an average of 84 days on market in Oct 2024, up by 198.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gibsonton has remained consistent over time.

Summary: During October 2024, 17 homes were sold in Gibsonton; 18% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 41% 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 16 Days Ago

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