Is Redington Shores, 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, Redington Shores has remained a Seller's Market.
Housing Prices in Redington Shores, FL
How much do homes in Redington Shores, FL cost?
Median Sold Price
$737,500
$569/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Redington Shores was $737,500 in May 2024, down 1.7% from last year, and the median price per square foot was $569.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $532.5K | $310K | -41.8% |
2 Bedrooms | $724.9K | $600K | -17.2% |
3 Bedrooms | $975K | $962.5K | -1.3% |
4 Bedrooms | $2.8M | $1.9M | -30.8% |
5+ Bedrooms | $4.6M | $3.4M | -25.3% |
Summary: Redington Shores housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.8%, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes decreased by 25.3%.
Median Sold Price Compared To Nearby Cities
North Redington Beach | $950K | $1.1M | +20.8% |
Boca Ciega | $473.8K | $476.5K | +0.6% |
Redington Shores | $750K | $737.5K | -1.7% |
Indian Shores | $700K | $666.4K | -4.8% |
Housing Supply in Redington Shores, FL
How many homes are available in Redington Shores, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 72 | +5.9% |
Summary: The Redington Shores real estate market had 72 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 25 | 29 | +16.0% |
3 Bedrooms | 29 | 29 | 0.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Redington Shores housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 16%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Redington Shores in May 2024, up by 85.7% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Redington Shores, FL
How long does it take to sell a home in Redington Shores, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 39 Days | -45.6% |
Summary: Homes in Redington Shores had an average of 39 days on market in May 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Redington Shores; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.