Housing Prices in South Bay, FL

How much do homes in South Bay, FL cost?

Median List Price

$227,000

$196/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$19,550(+9.4%)

Key Takeaway

The list price of homes in South Bay has increased by 9.4% since last year.

Summary: The median home list price in South Bay was $227,000 in May 2024, up 9.4% from the previous year, and the median price per square foot was $196.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $140K$174.9K
+25.0%
3 $215K$229K
+6.5%
4 $213.9K$289.5K
+35.3%
5+ --
N/A

Summary: South Bay housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes did not change.

Median List Price Compared To Nearby Cities

South Bay
+9.4%
Belle Glade-Pahokee
0.0%

Housing Supply in South Bay, FL

How many homes are available in South Bay, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
76-14.3%

Summary: The South Bay real estate market had 6 homes for sale in May 2024, a 14.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 34
+33.3%
4 21
-50.0%
5+ 00
0.0%

Summary: The South Bay 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 decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Days on Market for South Bay, FL

How long does it take to sell a home in South Bay, FL?

Average Listing Age

May 2023May 2024CHANGE
142 Days105 Days-25.9%

Summary: Homes in South Bay had an average listing age of 105 days in May 2024, down by 25.9% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in South Bay, FL

Nearby Markets to South Bay, FL

What housing markets are near South Bay, FL?