$2,695,000
3,451 SqFt
3 Beds
•3 Full Baths, 1 Partial
Kristin Leon, Listing Office: COASTAL PROPERTIES GROUP INTERNATIONAL
Is Madeira Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Madeira Beach has remained a Buyer's Market.
Key Takeaway
Madeira Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madeira Beach, FL
How much do homes in Madeira Beach, FL cost?
Median Sold Price
$805,500
$604/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$68,000(+9.2%)
Key Takeaway
Homes in Madeira Beach have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Madeira Beach was $805,500 in November 2024, up 9.2% from last year, and the median price per square foot was $604.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $350K | -14.6% |
| 2 Bedrooms | $664K | $670K | +0.9% |
| 3 Bedrooms | $947K | $1.0M | +10.9% |
| 4 Bedrooms | $1.3M | $1.7M | +25.9% |
| 5+ Bedrooms | $2.8M | - | N/A |
Summary: Madeira Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.6%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Redington Beach | $827.5K | $930K | +12.4% |
| Seminole | $386.9K | $425.2K | +9.9% |
| Madeira Beach | $737.5K | $805.5K | +9.2% |
| Boca Ciega | $468.6K | $492.4K | +5.1% |
| Treasure Island | $725K | $760.3K | +4.9% |
Housing Supply in Madeira Beach, FL
How many homes are available in Madeira Beach, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 126 | +29.9% |
Summary: The Madeira Beach real estate market had 126 homes for sale in November 2024, a 29.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 43 | 52 | +20.9% |
| 3 Bedrooms | 38 | 55 | +44.7% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Madeira Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 44.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 12 | +200.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Madeira Beach, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Madeira Beach in November 2024, up by 200.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Madeira Beach, FL
How long does it take to sell a home in Madeira Beach, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 79 Days | +26.2% |
Summary: Homes in Madeira Beach had an average of 79 days on market in Nov 2024, up by 26.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Madeira Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 12 homes were sold in Madeira Beach; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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