Is Port Saint Lucie, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Saint Lucie is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Port Saint Lucie was a Seller's Market.

Key Takeaway

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

Housing Prices in Port Saint Lucie, FL

How much do homes in Port Saint Lucie, FL cost?

Median Sold Price

$404,869

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,890(+3.8%)

Key Takeaway

Homes in Port Saint Lucie have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Port Saint Lucie was $404,869 in November 2024, up 3.8% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $172.5K$187K
+8.4%
2 $306.6K$315K
+2.7%
3 $375K$388K
+3.5%
4 $425K$449.9K
+5.9%
5+ $515K$530K
+2.9%

Summary: Port Saint Lucie housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

Palm City
+8.8%
West Saint Lucie
+5.4%
Port Saint Lucie
+3.8%
Jensen Beach
+2.7%

Housing Supply in Port Saint Lucie, FL

How many homes are available in Port Saint Lucie, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,8211,984+9.0%

Summary: The Port Saint Lucie real estate market had 1,984 homes for sale in November 2024, a 9.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 68
+33.3%
2 318331
+4.1%
3 867989
+14.1%
4 560582
+3.9%
5+ 7074
+5.7%

Summary: The Port Saint Lucie housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 5.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
245197-19.6%

Asking Price vs. Sold Price

126 Homes Were Sold
Under Asking

53 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Saint Lucie, you may be able to get a good deal. 64% of homes here sold below asking price last month.

Summary: A total of 197 homes were sold or pending in Port Saint Lucie in November 2024, down by 19.6% month-over-month. Of the 197 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.

Days on Market for Port Saint Lucie, FL

How long does it take to sell a home in Port Saint Lucie, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days67 Days+96.0%

Summary: Homes in Port Saint Lucie had an average of 67 days on market in Nov 2024, up by 96% compared to last year.

Breakdown of Home Sale Times

68 Homes Were Sold
Under 30 Days

76 Homes Were Sold
In 30 - 90 Days

53 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Port Saint Lucie has remained consistent over time.

Summary: During November 2024, 197 homes were sold in Port Saint Lucie; 35% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 27% 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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