$9,488 Closing Credit*
$799,000
1,671 SqFt
2 Beds
•2 Full Baths
Kathleen Conroy, Listing Office: Premier Sotheby's Int'l Realty
Is Pelican Bay, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Pelican Bay has remained a Buyer's Market.
Key Takeaway
Pelican Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pelican Bay, FL
How much do homes in Pelican Bay, FL cost?
Median Sold Price
$1,635,000
$675/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$335,000(+25.8%)
Key Takeaway
Homes in Pelican Bay have sold for 25.8% more than they did a month ago.
Summary: The median home sold price in Pelican Bay was $1,635,000 in November 2024, up 25.8% from last month, and the median price per square foot was $675.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.6M | - | N/A |
| 3 Bedrooms | $1.1M | $1.6M | +40.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Pelican Bay housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 40.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Pelican Bay, FL
How many homes are available in Pelican Bay, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 187 | +28.1% |
Summary: The Pelican Bay real estate market had 187 homes for sale in November 2024, a 28.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 61 | 77 | +26.2% |
| 3 Bedrooms | 65 | 83 | +27.7% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Pelican Bay 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 26.2%, 3 bedroom homes increased by 27.7%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 2 | -77.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pelican Bay, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pelican Bay in November 2024, down by 77.8% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pelican Bay, FL
How long does it take to sell a home in Pelican Bay, FL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 153 Days | 264 Days | +71.6% |
Summary: Homes in Pelican Bay had an average of 264 days on market in Nov 2024, up by 71.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pelican Bay are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Pelican Bay; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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