Is Ponte Vedra 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, Ponte Vedra Beach was a Seller's Market.
Key Takeaway
Ponte Vedra Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ponte Vedra Beach, FL
How much do homes in Ponte Vedra Beach, FL cost?
Median Sold Price
$971,269
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ponte Vedra Beach have sold for 17% more than they did a year ago.
Summary: The median home sold price in Ponte Vedra Beach was $971,269 in May 2024, up 17% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $242.5K | -1.0% |
| 2 Bedrooms | $341.3K | $343K | 0.5% |
| 3 Bedrooms | $726K | $805K | +10.9% |
| 4 Bedrooms | $1.3M | $1.3M | +6.2% |
| 5+ Bedrooms | $1.8M | $1.7M | -1.4% |
Summary: Ponte Vedra Beach 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 0.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 1.4%.
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 Beach, FL
How many homes are available in Ponte Vedra Beach, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 372 | 383 | +3.0% |
Summary: The Ponte Vedra Beach real estate market had 383 homes for sale in May 2024, a 3.0% 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 | 54 | 56 | +3.7% |
| 3 Bedrooms | 124 | 129 | +4.0% |
| 4 Bedrooms | 107 | 111 | +3.7% |
| 5+ Bedrooms | 67 | 66 | -1.5% |
Summary: The Ponte Vedra Beach 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 3.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 1.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 61 | -27.4% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ponte Vedra Beach, you may be able to get a good deal. 80.3% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Ponte Vedra Beach in May 2024, down by 27.4% month-over-month. Of the 61 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for Ponte Vedra Beach, FL
How long does it take to sell a home in Ponte Vedra Beach, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 51 Days | -4.0% |
Summary: Homes in Ponte Vedra Beach had an average of 51 days on market in May 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ponte Vedra Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 61 homes were sold in Ponte Vedra Beach; 44% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
