$9,322 Closing Credit*
$785,000
1,768 SqFt
2 Beds
•2 Full Baths
Steven Falus, Listing Office: Keller Williams Elite Properties
Is South Central Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South Central Beach has remained a Buyer's Market.
Key Takeaway
South Central Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Central Beach, FL
How much do homes in South Central Beach, FL cost?
Median Sold Price
$458,100
$451/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,400(-1.0%)
Key Takeaway
Homes in South Central Beach have sold for 1% less than they did a year ago.
Summary: The median home sold price in South Central Beach was $458,100 in November 2024, down 1% from last year, and the median price per square foot was $451.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $348K | $356.4K | +2.4% |
| 2 Bedrooms | $540K | $515K | -4.6% |
| 3 Bedrooms | $1.6M | $1.6M | 0.0% |
| 4 Bedrooms | $1.4M | $2.8M | +93.0% |
| 5+ Bedrooms | $6.2M | - | N/A |
Summary: South Central Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 93%, and 5+ bedroom homes did not change.
Housing Supply in South Central Beach, FL
How many homes are available in South Central Beach, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 407 | 442 | +8.6% |
Summary: The South Central Beach real estate market had 442 homes for sale in November 2024, a 8.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 164 | 183 | +11.6% |
| 2 Bedrooms | 207 | 215 | +3.9% |
| 3 Bedrooms | 28 | 35 | +25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The South Central Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Central Beach, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in South Central Beach in November 2024, down by 11.8% month-over-month. Of the 15 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for South Central Beach, FL
How long does it take to sell a home in South Central Beach, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 136 Days | 65 Days | -51.9% |
Summary: Homes in South Central Beach had an average of 65 days on market in Nov 2024, down by 51.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Central Beach has remained consistent over time.
Summary: During November 2024, 15 homes were sold in South Central Beach; 33% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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