Is Hutchinson Island, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hutchinson Island was a Seller's Market.
Housing Prices in Hutchinson Island, FL
How much do homes in Hutchinson Island, FL cost?
Median Sold Price
$462,500
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hutchinson Island was $462,500 in April 2024, down 4.6% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $269K | -3.9% |
2 Bedrooms | $468.5K | $430K | -8.2% |
3 Bedrooms | $665K | $740K | +11.3% |
4 Bedrooms | $785K | $960K | +22.3% |
5+ Bedrooms | $2.9M | $1.1M | -62.7% |
Summary: Hutchinson Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 62.7%.
Median Sold Price Compared To Nearby Cities
Fort Pierce | $275K | $295K | +7.3% |
Jensen Beach | $452.8K | $476K | +5.1% |
Hutchinson Island | $485K | $462.5K | -4.6% |
Housing Supply in Hutchinson Island, FL
How many homes are available in Hutchinson Island, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
303 | 318 | +5.0% |
Summary: The Hutchinson Island real estate market had 318 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 40 | +5.3% |
2 Bedrooms | 155 | 176 | +13.5% |
3 Bedrooms | 68 | 69 | +1.5% |
4 Bedrooms | 38 | 29 | -23.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hutchinson Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 23.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 23 | -37.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Hutchinson Island in April 2024, down by 37.8% month-over-month. Of the 23 sold homes, 96% were sold under asking, 4% were sold at asking, and 0% were sold over asking.
Days on Market for Hutchinson Island, FL
How long does it take to sell a home in Hutchinson Island, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 61 Days | -9.7% |
Summary: Homes in Hutchinson Island had an average of 61 days on market in Apr 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in Hutchinson Island; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.