$7,719 Closing Credit*
$650,000
1,804 SqFt
4 Beds
•2 Full Baths, 1 Partial
Vincent Ricaud, Listing Office: INVESTUS REALTY LLC
Is Madeira Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$817,500
$612/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$72,500(+9.7%)
Key Takeaway
Homes in Madeira Beach have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Madeira Beach was $817,500 in October 2024, up 9.7% from last year, and the median price per square foot was $612.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $356.7K | -13.0% |
| 2 Bedrooms | $668.2K | $675K | +1.0% |
| 3 Bedrooms | $947K | $1.0M | +10.9% |
| 4 Bedrooms | $1.3M | $1.6M | +22.2% |
| 5+ Bedrooms | $2.8M | - | N/A |
Summary: Madeira Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Seminole | $384K | $426.9K | +11.2% |
| Madeira Beach | $745K | $817.5K | +9.7% |
| Redington Beach | $850K | $930K | +9.4% |
| Treasure Island | $720K | $771.2K | +7.1% |
| Boca Ciega | $463.7K | $495K | +6.7% |
Housing Supply in Madeira Beach, FL
How many homes are available in Madeira Beach, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 97 | +9.0% |
Summary: The Madeira Beach real estate market had 97 homes for sale in October 2024, a 9.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 40 | 42 | +5.0% |
| 3 Bedrooms | 36 | 38 | +5.6% |
| 4 Bedrooms | 2 | 6 | +200.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Madeira Beach housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madeira Beach, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Madeira Beach in October 2024, down by 63.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 95 Days | 78 Days | -17.6% |
Summary: Homes in Madeira Beach had an average of 78 days on market in Oct 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 October 2024, 4 homes were sold in Madeira Beach; 25% of homes were sold within 30 days, 25% 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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