$9,369 Closing Credit*
$789,000
1,135 SqFt
2 Beds
•2 Full Baths
Jennifer Jackson, Listing Office: Levin Rinke Realty
Is Gulf Breeze, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Gulf Breeze was a Seller's Market.
Key Takeaway
Gulf Breeze is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gulf Breeze, FL
How much do homes in Gulf Breeze, FL cost?
Median Sold Price
$476,260
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,368(+8.5%)
Key Takeaway
Homes in Gulf Breeze have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Gulf Breeze was $476,260 in October 2024, up 8.5% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $354.5K | $389K | +9.7% |
| 2 Bedrooms | $555.3K | $430K | -22.6% |
| 3 Bedrooms | $379.9K | $380K | 0.0% |
| 4 Bedrooms | $451.6K | $537.9K | +19.1% |
| 5+ Bedrooms | $750K | $777K | +3.6% |
Summary: Gulf Breeze housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes decreased by 22.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Gulf Breeze | $438.8K | $476.2K | +8.5% |
| Gulf Breeze | $438.5K | $475.9K | +8.5% |
| Midway | $409.9K | $415K | +1.2% |
| Pensacola | $290.3K | $286.5K | -1.3% |
| Avalon-Mulat | $309.9K | $285.9K | -7.7% |
Housing Supply in Gulf Breeze, FL
How many homes are available in Gulf Breeze, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 437 | 450 | +3.0% |
Summary: The Gulf Breeze real estate market had 450 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 88 | 89 | +1.1% |
| 3 Bedrooms | 165 | 176 | +6.7% |
| 4 Bedrooms | 129 | 126 | -2.3% |
| 5+ Bedrooms | 46 | 47 | +2.2% |
Summary: The Gulf Breeze housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 2.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 67 | -8.2% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gulf Breeze, you may be able to get a good deal. 52.5% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Gulf Breeze in October 2024, down by 8.2% month-over-month. Of the 61 sold homes, 52% were sold under asking, 34% were sold at asking, and 13% were sold over asking.
Days on Market for Gulf Breeze, FL
How long does it take to sell a home in Gulf Breeze, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 60 Days | +21.2% |
Summary: Homes in Gulf Breeze had an average of 60 days on market in Oct 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gulf Breeze are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 67 homes were sold in Gulf Breeze; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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