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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ponte Vedra Beach is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Ponte Vedra Beach, FL

How much do homes in Ponte Vedra Beach, FL cost?

Median Sold Price

$947,000

$398/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$65,680(+7.5%)

Key Takeaway

Homes in Ponte Vedra Beach have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Ponte Vedra Beach was $947,000 in November 2024, up 7.5% from last year, and the median price per square foot was $398.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $249K$222.5K
-10.6%
2 $340.7K$343K
+0.7%
3 $777.5K$769.6K
-1.0%
4 $1.3M$1.4M
+11.4%
5+ $1.8M$1.8M
-2.8%

Summary: Ponte Vedra Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 2.8%.

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 Beach, FL

How many homes are available in Ponte Vedra Beach, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
310329+6.1%

Summary: The Ponte Vedra Beach real estate market had 329 homes for sale in November 2024, a 6.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1414
0.0%
2 4956
+14.3%
3 100107
+7.0%
4 8487
+3.6%
5+ 6365
+3.2%

Summary: The Ponte Vedra Beach 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 14.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 3.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3934-12.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ponte Vedra Beach, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Ponte Vedra Beach in November 2024, down by 12.8% month-over-month. Of the 34 sold homes, 71% were sold under asking, 24% were sold at asking, and 6% were sold over asking.

Days on Market for Ponte Vedra Beach, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
54 Days75 Days+36.5%

Summary: Homes in Ponte Vedra Beach had an average of 75 days on market in Nov 2024, up by 36.5% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 34 homes were sold in Ponte Vedra Beach; 38% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 35% 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 2 Days Ago

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