For the second quarter 2022, most of the metro areas throughout the State of Florida experienced double-digit growth with respect the existing home sale prices.
Based on information provided by the FloridaRealtors, the second quarter 2022 median home price for single family homes in the state of Florida was reported to be $417,000, a year-over-year increase of 20.9%. For the same period, the median sale price for condominiums and townhomes increased by 27.6% to $319,000.
Increases in the median price of housing was driven largely by the luxury market. During the quarter there were 7,525 single family homes that sold for $1,000,000 or more while, 2,687 townhomes and condominiums sold for $1,000,000 or more.
How did individual markets fare during the second quarter 2022? See below for the top 10 ranking of individual markets by the median sale price and growth rate for both the single-family and townhome / condominium markets in Florida.
Top 10 Florida Housing Markets – Single Family Homes
The median sale price is one of the preferred statistical methods for measuring price activity as it is not as sensitive of extraordinary high or low sale prices (that are not typical of a particular market area) which can easily skew the values.
Following are the Top 10 markets in the State of Florida for single-family homes ranked by median sale price (as of the 2Q 2022).
- Jacksonville MSA: $396,000
- Punta Gorda MSA: $400,000
- Port St. Lucie MSA: $410,000
- Tampa – St. Petersburg – Clearwater MSA: $411,000
- Orlando – Kissimmee – Sanford MSA: $430,000
- Crestview – Fort Walton Beach – Destin MSA: $439,950
- Cape Coral – Fort Myers MSA: $460,100
- North Port – Sarasota – Bradenton MSA: $515,000
- Miami – Fort Lauderdale – West Palm Beach MSA: $589,000
- Naples – Immokalee – Marco Island MSA: $850,000
Following are the Top 10 markets in the State of Florida for single-family homes ranked by the growth rate of the median sale price (as of the 2Q 2022).
- Sebring MSA: 24.3%
- Port St. Lucie MSA: 25.0%
- The Villages MSA: 25.4%
- Ocala MSA: 26.7%
- Punta Gorda MSA: 27.4%
- Cape Coral – Fort Myers MSA: 27.8%
- Tampa – St. Petersburg – Clearwater MSA: 28.0%
- North Port – Sarasota – Bradenton MSA: 28.8%
- Naples – Immokalee – Marco Island MSA: 28.9%
- Lakeland – Winter Haven MSA: 31.4%
- Source: FloridaRealtors.org
Top 10 Florida Housing Markets – Townhouses & Condominiums
Following are the Top 10 markets in the State of Florida for townhomes & condominiums ranked by median sale price (as of the 2Q 2022).
- Tampa – St. Petersburg – Clearwater MSA: $285,000
- Deltona – Daytona Beach – Ormond Beach: $305,000
- Miami – Fort Lauderdale – West Palm Beach MSA: $320,000
- Cape Coral – Fort Myers MSA: $349,000
- The Villages MSA: $335,000
- Pensacola – Ferry Pass- Brent MSA: $384,000
- North Port – Sarasota – Bradenton MSA: $390,000
- Panama City MSA: $434,500
- Naples – Immokalee – Marco Island MSA: $499,950
- Crestview – Fort Walton Beach – Destin MSA: $586,050
Following are the Top 10 markets in the State of Florida for townhomes & condominiums ranked by the growth rate of the median sale price (as of the 2Q 2022).
- Panama City MSA: 28.6%
- Orlando – Kissimmee – Sanford MSA: 30.2%
- Homossa Springs MSA: 31.4%
- Ocala MSA: 33.0%
- North Port – Sarasota – Bradenton MSA: 35.2%
- Crestview – Fort Walton Beach – Destin MSA: 37.9%
- The Villages MSA: 39.3%
- Cape Coral – Fort Myers MSA: 39.7%
- Naples – Immokalee – Marco Island MSA: 47.0%
- Lakeland – Winter Haven MSA: 50.6%
- Source: FloridaRealtors.org
Are you thinking of selling?
Based on the most recent data, the current state of the residential market is changing fast. If you are a homeowner and are considering selling your personal residence, vacation home or investment property, now may be the perfect time to do so while prices are still strong.
Our team has assisted sellers not only throughout the state of Florida, but in most major markets nationwide. We take a highly methodical and deliberate approach when working with or clients and have specific strategies to help get the best value for the property.
Contact us at info@quantumcos.com or learn more by visiting our web site at www.QuantumRealtyAdvisors.com.
The information provided in this website was derived from sources deemed to be reliable to is not guaranteed or warranted. All information, content, and materials available on this site are for general informational purposes only.
