Is Gulf Breeze, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gulf Breeze is a neutral's market

Buyer's
Market

Difference Since November 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

$479,277

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,197(+11.2%)

Key Takeaway

Homes in Gulf Breeze have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Gulf Breeze was $479,277 in November 2024, up 11.2% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $349K$378.5K
+8.5%
2 $540K$442.5K
-18.1%
3 $379.4K$380K
0.1%
4 $449.9K$544.9K
+21.1%
5+ $799K$765K
-4.3%

Summary: Gulf Breeze housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes decreased by 18.1%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 4.3%.

Median Sold Price Compared To Nearby Cities

Gulf Breeze
+11.2%
Gulf Breeze
+11.0%
Midway
+2.6%
Holley-Navarre
+2.3%
Navarre Beach
-1.9%

Housing Supply in Gulf Breeze, FL

How many homes are available in Gulf Breeze, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
434433-0.2%

Summary: The Gulf Breeze real estate market had 433 homes for sale in November 2024, a 0.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1111
0.0%
2 8590
+5.9%
3 171170
-0.6%
4 120114
-5.0%
5+ 4748
+2.1%

Summary: The Gulf Breeze 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 increased by 5.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 2.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6869+1.5%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gulf Breeze, you may be able to get a good deal. 70.1% of homes here sold below asking price last month.

Summary: A total of 69 homes were sold or pending in Gulf Breeze in November 2024, up by 1.5% month-over-month. Of the 67 sold homes, 70% were sold under asking, 21% were sold at asking, and 9% 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

Nov 2023Nov 2024CHANGE
43 Days50 Days+15.2%

Summary: Homes in Gulf Breeze had an average of 50 days on market in Nov 2024, up by 15.2% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gulf Breeze are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 69 homes were sold in Gulf Breeze; 51% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 16% 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 21 Days Ago

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