Is Tavernier, 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, Tavernier was a Seller's Market.
Housing Prices in Tavernier, FL
How much do homes in Tavernier, FL cost?
Median Sold Price
$1,125,000
$709/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tavernier was $1,125,000 in May 2024, up 7.1% from last year, and the median price per square foot was $709.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $419.5K | -11.7% |
2 Bedrooms | $835K | $535K | -35.9% |
3 Bedrooms | $950K | $1.2M | +35.5% |
4 Bedrooms | $1.9M | $4.4M | +129.9% |
5+ Bedrooms | $4.7M | $2.7M | -42.6% |
Summary: Tavernier housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes decreased by 35.9%, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 129.9%, and 5+ bedroom homes decreased by 42.6%.
Median Sold Price Compared To Nearby Cities
Key Largo | $775K | $927.5K | +19.7% |
Upper Keys | $840K | $1.0M | +19.3% |
Tavernier | $1.0M | $1.1M | +7.1% |
Islamorada, Village of Islands | $1.9M | $1.9M | 0.5% |
Islamorada | $2.0M | $1.9M | -6.8% |
Housing Supply in Tavernier, FL
How many homes are available in Tavernier, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 41 | +20.6% |
Summary: The Tavernier real estate market had 41 homes for sale in May 2024, a 20.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 10 | +100.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Tavernier housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Tavernier in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Tavernier, FL
How long does it take to sell a home in Tavernier, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
78 Days | 11 Days | -86.0% |
Summary: Homes in Tavernier had an average of 11 days on market in May 2024, down by 86% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Tavernier; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.