Florida’s real estate market is experiencing a dynamic period, with varying trends observed across different regions. While some areas see median home prices climb, others report slight decreases and slower market activity. Sales data from early September highlights specific transactions in Gulfport and Pinellas beaches, while August data reveals broader regional performance.
Key Takeaways
- Northeast Florida saw a 1.1% increase in median home prices in August, reaching $398,995.
- Collier County experienced a 2.7% decrease in median home list price in July, settling at $717,000.
- Luxury markets on the Treasure Coast reported significant high-value sales in August, with Jupiter Island leading at $16.5 million.
- Sales activity in areas like Gulfport and Pinellas beaches showed a range of prices for single-family homes and condos.
Regional Market Snapshots
In Northeast Florida, encompassing counties like Duval and St. Johns, the median price for a single-family home rose by 1.1% in August to $398,995. This marks a 3.9% increase compared to August of the previous year. Despite this rise, closed sales saw a notable drop of 9.9% from July, and pending sales fell by 31.8%. The active inventory of homes for sale increased slightly by 1.1%, indicating a growing but still relatively balanced market.
Conversely, Collier County, including Naples, saw a dip in its median home list price in July. The median price decreased by 2.7% from June to $717,000, and was down 6.6% from July of the prior year. Homes in Collier County are also taking longer to sell, with a median of 112 days on the market, compared to the national median of 58 days.
High-Value Sales on the Treasure Coast
The Treasure Coast region reported substantial luxury home sales in August. Jupiter Island recorded the most expensive sale at $16.5 million for a beachfront property. Other high-value transactions included a $7.25 million sale in Palm City and a $7.025 million sale in Stuart, highlighting continued demand for high-end coastal properties.
Localized Sales Activity
In Gulfport, sales for the week of September 8-15 included a two-bed, two-bath home on 12th Ave. S. that sold for $390,000, slightly above its $385,000 listing price. Another property on Newton Ave. S. sold for $303,000, below its $309,000 asking price.
Along the Pinellas beaches, St. Pete Beach saw a 4/2 home sell for $897,000. Treasure Island featured significant sales, including a four-bed, three-and-a-half-bath home that sold for $2.35 million. Madeira Beach also had several condo sales, with a new 3/2.5 condo selling for $870,000.
Market Indicators
The Home Affordability Index in Northeast Florida remained steady at 66, suggesting that families with average incomes are maintaining a consistent ability to afford housing. However, building permits for single-family homes in the region have seen a year-over-year decrease, down 22.16% in August compared to the previous year.
Sources
- Sept. 8-15 Gulfport Real Estate Sales, The Gabber Newspaper.
- Pinellas Beaches Real Estate Sept. 8-15, The Gabber Newspaper.
- Most expensive home sales, luxury homes, mansions, Treasure Coast News.
- Median Northeast Florida home price increases 1.1% in August, Jacksonville Daily Record.
- Naples, Collier County FL real estate price in July 2025, Naples Daily News.