Is Ponte Vedra, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ponte Vedra is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Ponte Vedra, FL

How much do homes in Ponte Vedra, FL cost?

Median Sold Price

$775,877

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,741(+6.7%)

Key Takeaway

Homes in Ponte Vedra have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Ponte Vedra was $775,877 in November 2024, up 6.7% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $248K$222.5K
-10.3%
2 $477.5K$472K
-1.2%
3 $658.3K$659.9K
0.2%
4 $919.5K$949.2K
+3.2%
5+ $1.4M$1.3M
-10.2%

Summary: Ponte Vedra housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 10.2%.

Median Sold Price Compared To Nearby Cities

Ponte Vedra Beach
+7.5%
Ponte Vedra
+6.7%
Jacksonville East
+6.0%
Jacksonville Beaches
+3.4%
Jacksonville Beach
+2.5%

Housing Supply in Ponte Vedra, FL

How many homes are available in Ponte Vedra, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
602592-1.7%

Summary: The Ponte Vedra real estate market had 592 homes for sale in November 2024, a 1.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1414
0.0%
2 106112
+5.7%
3 185182
-1.6%
4 203193
-4.9%
5+ 9491
-3.2%

Summary: The Ponte Vedra 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 5.7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 3.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10374-28.2%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ponte Vedra, you may be able to get a good deal. 74.3% of homes here sold below asking price last month.

Summary: A total of 74 homes were sold or pending in Ponte Vedra in November 2024, down by 28.2% month-over-month. Of the 74 sold homes, 74% were sold under asking, 16% were sold at asking, and 9% were sold over asking.

Days on Market for Ponte Vedra, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
54 Days87 Days+60.3%

Summary: Homes in Ponte Vedra had an average of 87 days on market in Nov 2024, up by 60.3% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 74 homes were sold in Ponte Vedra; 39% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% 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 17 Days Ago

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