Is Upper East Side, 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, Upper East Side was a Seller's Market.
Housing Prices in Upper East Side, FL
How much do homes in Upper East Side, FL cost?
Median Sold Price
$785,000
$545/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Upper East Side was $785,000 in May 2024, up 10.6% from last year, and the median price per square foot was $545.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $332.5K | $302.5K | -9.0% |
2 Bedrooms | $498.7K | $475K | -4.8% |
3 Bedrooms | $1.1M | $1.1M | -3.2% |
4 Bedrooms | $2.2M | $2.0M | -9.1% |
5+ Bedrooms | $5.0M | $9.0M | +79.1% |
Summary: Upper East Side housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 79.1%.
Median Sold Price Compared To Nearby Neighborhoods
Upper East Side | $710K | $785K | +10.6% |
Belle Meade | $1.4M | $1.3M | -10.8% |
Morningside / Bay Shore | $1.8M | $1.4M | -21.2% |
Housing Supply in Upper East Side, FL
How many homes are available in Upper East Side, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
171 | 183 | +7.0% |
Summary: The Upper East Side real estate market had 183 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 46 | 51 | +10.9% |
2 Bedrooms | 53 | 52 | -1.9% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The Upper East Side housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.9%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Upper East Side in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Upper East Side, FL
How long does it take to sell a home in Upper East Side, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 62 Days | +34.1% |
Summary: Homes in Upper East Side had an average of 62 days on market in May 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Upper East Side; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.