Is Stuart, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stuart is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Stuart was a Neutral Market.

Key Takeaway

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

Housing Prices in Stuart, FL

How much do homes in Stuart, FL cost?

Median Sold Price

$413,006

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,691(+2.7%)

Key Takeaway

Homes in Stuart have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Stuart was $413,006 in November 2024, up 2.7% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $148.5K$137.5K
-7.4%
2 $277.1K$286K
+3.2%
3 $439.2K$459.2K
+4.6%
4 $760.5K$717.5K
-5.7%
5+ $825K$793.2K
-3.8%

Summary: Stuart housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Cities

Palm City
+8.8%
Port Salerno-Hobe Sound
+5.0%
Stuart
+2.7%
Jensen Beach
+2.7%

Housing Supply in Stuart, FL

How many homes are available in Stuart, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
546573+4.9%

Summary: The Stuart real estate market had 573 homes for sale in November 2024, a 4.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3030
0.0%
2 214226
+5.6%
3 191202
+5.8%
4 7880
+2.6%
5+ 3335
+6.1%

Summary: The Stuart 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 5.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 6.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7654-28.9%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stuart, you may be able to get a good deal. 85.2% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in Stuart in November 2024, down by 28.9% month-over-month. Of the 54 sold homes, 85% were sold under asking, 9% were sold at asking, and 6% were sold over asking.

Days on Market for Stuart, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days65 Days+149.6%

Summary: Homes in Stuart had an average of 65 days on market in Nov 2024, up by 149.6% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 54 homes were sold in Stuart; 46% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 24% 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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