Is Pelican, 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, Pelican was a Seller's Market.
Key Takeaway
Pelican is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pelican, FL
How much do homes in Pelican, FL cost?
Median Sold Price
$492,226
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pelican have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Pelican was $492,226 in May 2024, down 8.6% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $169K | -3.4% |
| 2 Bedrooms | $242.5K | $260K | +7.2% |
| 3 Bedrooms | $539.9K | $497.1K | -7.9% |
| 4 Bedrooms | $627.5K | $534.5K | -14.8% |
| 5+ Bedrooms | $599.9K | $628.5K | +4.8% |
Summary: Pelican housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Hancock | $385K | $375K | -2.6% |
| Caloosahatchee | $420K | $394.1K | -6.2% |
| Trafalgar | $449.8K | $416.2K | -7.5% |
| Pelican | $538.5K | $492.2K | -8.6% |
Housing Supply in Pelican, FL
How many homes are available in Pelican, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,104 | 1,123 | +1.7% |
Summary: The Pelican real estate market had 1,123 homes for sale in May 2024, a 1.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 94 | 99 | +5.3% |
| 3 Bedrooms | 653 | 669 | +2.5% |
| 4 Bedrooms | 304 | 301 | -1.0% |
| 5+ Bedrooms | 51 | 52 | +2.0% |
Summary: The Pelican 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 5.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 172 | 133 | -22.7% |
Asking Price vs. Sold Price
104 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pelican, you may be able to get a good deal. 78.2% of homes here sold below asking price last month.
Summary: A total of 133 homes were sold or pending in Pelican in May 2024, down by 22.7% month-over-month. Of the 133 sold homes, 78% were sold under asking, 16% were sold at asking, and 6% were sold over asking.
Days on Market for Pelican, FL
How long does it take to sell a home in Pelican, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 52 Days | 74 Days | +42.9% |
Summary: Homes in Pelican had an average of 74 days on market in May 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pelican are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 133 homes were sold in Pelican; 37% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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