Is Madeira Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Madeira Beach was a Seller's Market.
Key Takeaway
Madeira Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madeira Beach, FL
How much do homes in Madeira Beach, FL cost?
Median Sold Price
$782,500
$617/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Madeira Beach have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Madeira Beach was $782,500 in May 2024, down 1.3% from last year, and the median price per square foot was $617.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $410K | +5.1% |
| 2 Bedrooms | $650K | $673.7K | +3.7% |
| 3 Bedrooms | $967K | $1.0M | +8.6% |
| 4 Bedrooms | $1.6M | $1.3M | -17.6% |
| 5+ Bedrooms | $2.1M | $2.2M | +4.7% |
Summary: Madeira Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Treasure Island | $637.5K | $778.3K | +22.1% |
| Redington Beach | $799.2K | $950K | +18.9% |
| Seminole | $373.9K | $411.2K | +10.0% |
| Boca Ciega | $473.8K | $476.5K | +0.6% |
| Madeira Beach | $792.4K | $782.5K | -1.3% |
Housing Supply in Madeira Beach, FL
How many homes are available in Madeira Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 171 | 191 | +11.7% |
Summary: The Madeira Beach real estate market had 191 homes for sale in May 2024, a 11.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 20 | +17.6% |
| 2 Bedrooms | 68 | 77 | +13.2% |
| 3 Bedrooms | 71 | 72 | +1.4% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Madeira Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madeira Beach, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Madeira Beach in May 2024, down by 20.7% month-over-month. Of the 23 sold homes, 70% were sold under asking, 22% were sold at asking, and 9% were sold over asking.
Days on Market for Madeira Beach, FL
How long does it take to sell a home in Madeira Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 67 Days | +23.1% |
Summary: Homes in Madeira Beach had an average of 67 days on market in May 2024, up by 23.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Madeira Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Madeira Beach; 52% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.