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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gulfport is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Gulfport was a Seller's Market.

Key Takeaway

Gulfport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Gulfport, FL

How much do homes in Gulfport, FL cost?

Median Sold Price

$405,000

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,875(+1.5%)

Key Takeaway

Homes in Gulfport have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Gulfport was $405,000 in October 2024, up 1.5% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $220K$209.2K
-4.9%
2 $350K$370K
+5.7%
3 $475K$555K
+16.8%
4 $631.1K$1.1M
+81.4%
5+ $1.7M$1.0M
-42.3%

Summary: Gulfport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 81.4%, and 5+ bedroom homes decreased by 42.3%.

Median Sold Price Compared To Nearby Cities

Saint Petersburg
+3.0%
Gulfport
+1.5%

Housing Supply in Gulfport, FL

How many homes are available in Gulfport, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
169159-5.9%

Summary: The Gulfport real estate market had 159 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2723
-14.8%
2 6058
-3.3%
3 5856
-3.4%
4 1514
-6.7%
5+ 98
-11.1%

Summary: The Gulfport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.8%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2615-42.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gulfport, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Gulfport in October 2024, down by 42.3% month-over-month. Of the 15 sold homes, 87% were sold under asking, 7% were sold at asking, and 7% were sold over asking.

Days on Market for Gulfport, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days60 Days+29.5%

Summary: Homes in Gulfport had an average of 60 days on market in Oct 2024, up by 29.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in Gulfport; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% 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

Newest Listings in Gulfport, FL

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