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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunshine is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sunshine was a Seller's Market.

Key Takeaway

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

Housing Prices in Sunshine, FL

How much do homes in Sunshine, FL cost?

Median Sold Price

$355,000

$221/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Sunshine has remained the same since last year.

Summary: The median home sold price in Sunshine was $355,000 in November 2024, the same as last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $213.7K$224.9K
+5.2%
3 $337K$338K
0.3%
4 $389K$375K
-3.6%
5+ $449K$535K
+19.2%

Summary: Sunshine housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Neighborhoods

Alabama
+11.7%
Richmond
+2.9%
Sunshine
0.0%

Housing Supply in Sunshine, FL

How many homes are available in Sunshine, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
187208+11.2%

Summary: The Sunshine real estate market had 208 homes for sale in November 2024, a 11.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 121141
+16.5%
4 4750
+6.4%
5+ 1512
-20.0%

Summary: The Sunshine 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 25%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2027+35.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunshine, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Sunshine in November 2024, up by 35.0% month-over-month. Of the 27 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.

Days on Market for Sunshine, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days64 Days+105.0%

Summary: Homes in Sunshine had an average of 64 days on market in Nov 2024, up by 105% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 27 homes were sold in Sunshine; 41% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 22% 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

Newest Listings in Sunshine, FL

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