Is Treasure Island, 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, Treasure Island was a Seller's Market.
Key Takeaway
Treasure Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Treasure Island, FL
How much do homes in Treasure Island, FL cost?
Median Sold Price
$778,333
$596/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Treasure Island have sold for 22.1% more than they did a year ago.
Summary: The median home sold price in Treasure Island was $778,333 in May 2024, up 22.1% from last year, and the median price per square foot was $596.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $392.5K | $340K | -13.4% |
| 2 Bedrooms | $589.9K | $675K | +14.4% |
| 3 Bedrooms | $1.0M | $1.1M | +0.9% |
| 4 Bedrooms | $1.8M | $1.8M | -0.5% |
| 5+ Bedrooms | $3.2M | $1.5M | -51.9% |
Summary: Treasure Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 51.9%.
Median Sold Price Compared To Nearby Cities
| Treasure Island | $637.5K | $778.3K | +22.1% |
| Saint Petersburg | $400K | $439.9K | +10.0% |
| Saint Pete Beach | $700K | $710K | +1.4% |
| Boca Ciega | $473.8K | $476.5K | +0.6% |
| Madeira Beach | $792.4K | $782.5K | -1.3% |
Housing Supply in Treasure Island, FL
How many homes are available in Treasure Island, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 248 | 237 | -4.4% |
Summary: The Treasure Island real estate market had 237 homes for sale in May 2024, a 4.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 27 | -12.9% |
| 2 Bedrooms | 116 | 112 | -3.4% |
| 3 Bedrooms | 61 | 53 | -13.1% |
| 4 Bedrooms | 28 | 33 | +17.9% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Treasure Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.9%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 28 | -22.2% |
Asking Price vs. Sold Price
26 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 Treasure Island, you may be able to get a good deal. 92.9% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Treasure Island in May 2024, down by 22.2% month-over-month. Of the 28 sold homes, 93% were sold under asking, 4% were sold at asking, and 4% were sold over asking.
Days on Market for Treasure Island, FL
How long does it take to sell a home in Treasure Island, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 87 Days | +83.9% |
Summary: Homes in Treasure Island had an average of 87 days on market in May 2024, up by 83.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Treasure Island has remained consistent over time.
Summary: During May 2024, 28 homes were sold in Treasure Island; 29% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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