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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunset Beach is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Sunset Beach has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Sunset Beach, FL

How much do homes in Sunset Beach, FL cost?

Median Sold Price

$882,500

$651/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$133,500(+17.8%)

Key Takeaway

Homes in Sunset Beach have sold for 17.8% more than they did a year ago.

Summary: The median home sold price in Sunset Beach was $882,500 in November 2024, up 17.8% from last year, and the median price per square foot was $651.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $383K$315.4K
-17.6%
2 $740.5K$800K
+8.0%
3 $1.0M$995K
-4.8%
4 $1.5M$1.4M
-6.3%
5+ $5.3M$2.3M
-56.5%

Summary: Sunset Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 56.5%.

Median Sold Price Compared To Nearby Neighborhoods

Sunset Beach
+17.8%
Treasure Island Downtown
-3.7%

Housing Supply in Sunset Beach, FL

How many homes are available in Sunset Beach, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1722+29.4%

Summary: The Sunset Beach real estate market had 22 homes for sale in November 2024, a 29.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 1015
+50.0%
3 32
-33.3%
4 01
+100.0%
5+ 00
0.0%

Summary: The Sunset 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 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunset Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sunset Beach in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sunset Beach, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
5 Days4 Days-20.0%

Summary: Homes in Sunset Beach had an average of 4 days on market in Nov 2024, down by 20% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Sunset Beach; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

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