Is Ponte Vedra, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ponte Vedra has remained a Seller's Market.
Housing Prices in Ponte Vedra, FL
How much do homes in Ponte Vedra, FL cost?
Median Sold Price
$767,585
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ponte Vedra was $767,585 in May 2024, up 9.2% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $242.5K | -1.0% |
2 Bedrooms | $450K | $485K | +7.8% |
3 Bedrooms | $634.4K | $689.6K | +8.7% |
4 Bedrooms | $857.7K | $947.1K | +10.4% |
5+ Bedrooms | $1.3M | $1.4M | +7.7% |
Summary: Ponte Vedra housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Ponte Vedra Beach | $830.4K | $971.2K | +17.0% |
Ponte Vedra | $702.6K | $767.5K | +9.2% |
Jacksonville East | $340.1K | $355.4K | +4.5% |
Jacksonville Beach | $632.8K | $639.7K | +1.1% |
Jacksonville Beaches | $605K | $604.1K | -0.1% |
Housing Supply in Ponte Vedra, FL
How many homes are available in Ponte Vedra, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
717 | 760 | +6.0% |
Summary: The Ponte Vedra real estate market had 760 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 21 | +5.0% |
2 Bedrooms | 108 | 117 | +8.3% |
3 Bedrooms | 216 | 240 | +11.1% |
4 Bedrooms | 255 | 261 | +2.4% |
5+ Bedrooms | 118 | 121 | +2.5% |
Summary: The Ponte Vedra housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 2.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
142 | 139 | -2.1% |
Asking Price vs. Sold Price
101 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 139 homes were sold or pending in Ponte Vedra in May 2024, down by 2.1% month-over-month. Of the 139 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% were sold over asking.
Days on Market for Ponte Vedra, FL
How long does it take to sell a home in Ponte Vedra, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 62 Days | +10.5% |
Summary: Homes in Ponte Vedra had an average of 62 days on market in May 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During May 2024, 139 homes were sold in Ponte Vedra; 47% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.