Is Gulfport, 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, Gulfport was a Seller's Market.
Key Takeaway
Gulfport is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gulfport, FL
How much do homes in Gulfport, FL cost?
Median Sold Price
$400,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Gulfport has remained the same since last year.
Summary: The median home sold price in Gulfport was $400,000 in May 2024, up 0.3% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $230K | -4.2% |
| 2 Bedrooms | $360K | $357K | -0.8% |
| 3 Bedrooms | $475K | $560K | +17.9% |
| 4 Bedrooms | $685K | $960K | +40.1% |
| 5+ Bedrooms | $919.5K | $845K | -8.1% |
Summary: Gulfport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 40.1%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Saint Petersburg | $400K | $439.9K | +10.0% |
| Gulfport | $398.8K | $400K | 0.3% |
Housing Supply in Gulfport, FL
How many homes are available in Gulfport, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 180 | 194 | +7.8% |
Summary: The Gulfport real estate market had 194 homes for sale in May 2024, a 7.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 28 | +21.7% |
| 2 Bedrooms | 81 | 75 | -7.4% |
| 3 Bedrooms | 56 | 66 | +17.9% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Gulfport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.7%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gulfport, you may be able to get a good deal. 83.9% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Gulfport in May 2024, down by 3.1% month-over-month. Of the 31 sold homes, 84% were sold under asking, 13% were sold at asking, and 3% were sold over asking.
Days on Market for Gulfport, FL
How long does it take to sell a home in Gulfport, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 65 Days | +111.1% |
Summary: Homes in Gulfport had an average of 65 days on market in May 2024, up by 111.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gulfport are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Gulfport; 39% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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