Florida Homes for Sale & FL Real Estate | ZeroDown (2024)

FAQs

Are real estate prices dropping in Florida? ›

Ramsey's research shows that housing prices in Florida have gone up, especially when comparing the fourth quarters of 2022 and 2023, respectively. At the end of 2022, the median sales price of a Florida home was $401,990. One year later, it was $410,000 — a 2% increase.

The median sale price is predicted to continue rising between the strong demand and low inventory. In addition, buyers are facing less competition in today's Florida real estate market, making it an excellent time to buy a home. This also makes for an excellent climate to sell in Florida.

Orlando and Tampa are poised to sizzle in the real estate scene this year, securing spots among the top 10 hottest markets in 2024, according to Zillow's latest report.

Gainesville

In Gainesville, people can find the cheapest real estate in Florida. The median house rent is about $1,600, and the median home price is $290,584. Gainesville is called a college town because of the University of Florida.

Is Florida a Buyer's or Seller's Housing Market? The current market conditions present a balanced landscape for both buyers and sellers. While sellers continue to benefit from strong demand and rising prices, buyers now have a greater selection of homes to choose from, thanks to the increase in new listings.

Average Home Prices: The average median home price in Florida is $404,100, up by 4.6% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory. Currently, the sale-to-list price ratio is at 96.50%, with a decline of 0.13 pt YoY compared to January 2023.

Many prospective homebuyers chose to wait things out in 2023, in the hopes that 2024 would bring a more advantageous market. But so far, with mortgage interest rates still relatively high and housing inventory stubbornly low, it looks like 2024 will remain a challenging time to buy a house.

If getting the lowest price possible is your main priority, consider searching for a home in November or December. There won't be as many houses to choose from compared to the spring and summer months, but you'll face less competition and a higher likelihood of purchasing a home below the asking price.

Marco Island is the safest city in Florida, with fewer than 100 total crimes reported. 3 cities reported zero murders: Marco Island, Sunny Isles, and Doral.

What city in Florida has the best climate? ›

Orlando, FL

Not only is this Florida hot spot a great place to live no matter which stage of life you're in, but you'll also be in one of the states with the best weather! And despite having more rainfall than other U.S. cities with mild climates, Orlando almost never sees snow.

Pensacola, Florida

If you lived next to some of the most beautiful white-sand beaches in the country, you'd probably be a little friendlier, right? That seems to be the case with the residents of Pensacola, a city that made its debut on our friendliest cities list this year.

Cape Coral emerged as the most overvalued housing market in the country, with buyers paying a 47.99 percent premium on the typical home, according to August data from the Top 100 U.S. Housing Markets. Other measured metropolitan areas in Florida that also made the top 10: No.

Home buyers in Tampa, on average, paid a 42.81% premium for a home, according to the study. That's the third highest in the country, behind Cape Coral and Atlanta. Seven out of the top 10 overvalued markets are in Florida, according to the study. Lakeland and North Port also ranked in the top 5.

Floridian cities constituted 3 of the Top 5 Real Estate Markets to Watch in 2024—namely, Sarasota, Fort Myers, and Orlando. Jacksonville, Miami, and Tampa also ranked highly in the index by Insurify.

The price of properties listed for sale in Florida continues to slide as the state faces a worsening insurance crisis and many sellers struggle with high homeowner association (HOA) fees.

The average rent in the Sunshine State was $2,400 in February 2024, down $33, or 1.37 percent, compared to January, according to real estate market website Redfin. The average rent price of houses in the state was $2,476, while that of apartments was considerably lower, at $1,912.

“Florida's economy has been growing steadily over the past few years, with low unemployment rates and a strong job market,” Locklear said. “This means that there is a high demand for housing, making it a good time to invest in real estate.