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.
Key Takeaway
Redington Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Redington Shores have sold for 1.7% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Redington Shores, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Redington Shores are selling fast, if you're buying plan to act quickly.
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.
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