Is Saint James City, 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, Saint James City was a Seller's Market.
Key Takeaway
Saint James City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saint James City, FL
How much do homes in Saint James City, FL cost?
Median Sold Price
$565,000
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Saint James City have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Saint James City was $565,000 in May 2024, up 8.7% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231K | $295K | +27.7% |
| 2 Bedrooms | $465K | $416K | -10.5% |
| 3 Bedrooms | $569.5K | $635K | +11.5% |
| 4 Bedrooms | $477K | $687.5K | +44.1% |
| 5+ Bedrooms | $587.2K | $2.0M | +240.6% |
Summary: Saint James City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.7%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes increased by 240.6%.
Median Sold Price Compared To Nearby Cities
| Saint James City | $520K | $565K | +8.7% |
| Cape Coral | $409.6K | $396.9K | -3.1% |
| Pine Island | $500K | $478K | -4.4% |
| Bokeelia | $452.5K | $412K | -9.0% |
Housing Supply in Saint James City, FL
How many homes are available in Saint James City, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 104 | 107 | +2.9% |
Summary: The Saint James City real estate market had 107 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 37 | 42 | +13.5% |
| 3 Bedrooms | 57 | 57 | 0.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Saint James City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint James City, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Saint James City in May 2024, up by 42.9% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.
Days on Market for Saint James City, FL
How long does it take to sell a home in Saint James City, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 88 Days | +173.0% |
Summary: Homes in Saint James City had an average of 88 days on market in May 2024, up by 173% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Saint James City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 10 homes were sold in Saint James City; 40% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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