Are you thinking of buying a condo in Florida? If so, you’ll want to read this. There are places in Florida where condo prices are plummeting. In fact, some condo prices have dropped by as much as 75% compared to last year! After analyzing the most recent residential real estate data, I’ve compiled a list of places where condo prices have dropped.
Falling Florida Condo Prices
Palm Beach Shores condo owners experienced the largest year-over-year price drop of 75%. Imagine buying a condo last year and losing 75% of your equity in the course of a year!
Following closely are North Redington Beach, Manalapan, Lochmoor Waterway Estates, and Key Colony Beach, where condo prices fell by over 60% in one year. Laurel and Punta Rassa also saw significant drops of more than 50% in condo prices over the course of a year.
Below is a complete list of places in Florida where condo prices have dropped by more than 20% in one year. This data is based on the latest residential condo prices from March 2024 compared to the previous year.
1. Palm Beach Shores, FL
- Median Sale Price: $240,000
- Median Sale Price YoY: -75.40%
- Days on Market: 28
2. North Redington Beach, FL
- Median Sale Price: $360,000
- Median Sale Price YoY: -67.40%
- Days on Market: 13
3. Manalapan, FL
- Median Sale Price: $1,530,000
- Median Sale Price YoY: -64.40%
- Days on Market: 162
4. Lochmoor Waterway Estates, FL
- Median Sale Price: $155,000
- Median Sale Price YoY: -62.70%
- Days on Market: 157
5. Key Colony Beach, FL
- Median Sale Price: $280,000
- Median Sale Price YoY: -61.90%
- Days on Market: 304
6. Laurel, FL
- Median Sale Price: $281,000
- Median Sale Price YoY: -51.80%
- Days on Market: 20
7. Punta Rassa, FL
- Median Sale Price: $275,000
- Median Sale Price YoY: -51.30%
- Days on Market: 45
8. Myrtle Grove, FL
- Median Sale Price: $113,000
- Median Sale Price YoY: -47.70%
- Days on Market: 289
9. Vamo, FL
- Median Sale Price: $359,000
- Median Sale Price YoY: -47.60%
- Days on Market: 30
10. Highland Beach, FL
- Median Sale Price: $727,500
- Median Sale Price YoY: -44.50%
- Days on Market: 49
11. Hypoluxo, FL
- Median Sale Price: $223,000
- Median Sale Price YoY: -41.30%
- Days on Market: 121
12. Indian Harbour Beach, FL
- Median Sale Price: $265,000
- Median Sale Price YoY: -40.80%
- Days on Market: 12
13. Haines City, FL
- Median Sale Price: $94,000
- Median Sale Price YoY: -39.40%
- Days on Market: 139
14. Lantana, FL
- Median Sale Price: $215,000
- Median Sale Price YoY: -38.60%
- Days on Market: 136
15. World Golf Village, FL
- Median Sale Price: $248,000
- Median Sale Price YoY: -37.60%
- Days on Market: 45
16. Fort Walton Beach, FL
- Median Sale Price: $397,500
- Median Sale Price YoY: -37.20%
- Days on Market: 101
17. South Patrick Shores, FL
- Median Sale Price: $261,000
- Median Sale Price YoY: -37.20%
- Days on Market: 47
18. Lower Grand Lagoon, FL
- Median Sale Price: $352,500
- Median Sale Price YoY: -36.30%
- Days on Market: 108
19. Key Biscayne, FL
- Median Sale Price: $862,500
- Median Sale Price YoY: -34.80%
- Days on Market: 139
20. Islamorada, FL
- Median Sale Price: $506,000
- Median Sale Price YoY: -34.70%
- Days on Market: 243
21. Vero Beach South, FL
- Median Sale Price: $131,000
- Median Sale Price YoY: -34.20%
- Days on Market: 131
22. Lake Magdalene, FL
- Median Sale Price: $144,900
- Median Sale Price YoY: -33.40%
- Days on Market: 9
23. Belleair Beach, FL
- Median Sale Price: $523,000
- Median Sale Price YoY: -32.40%
- Days on Market: 81
24. Satellite Beach, FL
- Median Sale Price: $787,500
- Median Sale Price YoY: -31.50%
- Days on Market: 88
25. Indian River Shores, FL
- Median Sale Price: $470,000
- Median Sale Price YoY: -30.90%
- Days on Market: 160
26. Pine Ridge, FL
- Median Sale Price: $262,000
- Median Sale Price YoY: -30.10%
- Days on Market: 91
27. Dunnellon, FL
- Median Sale Price: $142,000
- Median Sale Price YoY: -29.00%
- Days on Market: 102
28. Captiva, FL
- Median Sale Price: $1,117,500
- Median Sale Price YoY: -28.10%
- Days on Market: 79
29. Vero Beach, FL
- Median Sale Price: $155,000
- Median Sale Price YoY: -27.90%
- Days on Market: 63
30. Marathon, FL
- Median Sale Price: $608,500
- Median Sale Price YoY: -26.70%
- Days on Market: 240
31. Lealman, FL
- Median Sale Price: $110,000
- Median Sale Price YoY: -26.20%
- Days on Market: 18
32. Ocean Ridge, FL
- Median Sale Price: $315,000
- Median Sale Price YoY: -25.40%
- Days on Market: 80
33. Hillsboro Beach, FL
- Median Sale Price: $520,000
- Median Sale Price YoY: -24.50%
- Days on Market: 98
34. South Pasadena, FL
- Median Sale Price: $327,000
- Median Sale Price YoY: -23.10%
- Days on Market: 77
35. Ormond-by-the-Sea, FL
- Median Sale Price: $330,000
- Median Sale Price YoY: -22.60%
- Days on Market: 86
36. Port Salerno, FL
- Median Sale Price: $189,500
- Median Sale Price YoY: -22.50%
- Days on Market: 179
37. Naples, FL
- Median Sale Price: $675,000
- Median Sale Price YoY: -22.40%
- Days on Market: 64
38. New Smyrna Beach, FL
- Median Sale Price: $420,000
- Median Sale Price YoY: -22.30%
- Days on Market: 43
39. Wekiwa Springs, FL
- Median Sale Price: $196,900
- Median Sale Price YoY: -22.00%
- Days on Market: 11
40. Ridge Wood Heights, FL
- Median Sale Price: $150,000
- Median Sale Price YoY: -21.70%
- Days on Market: 166
41. Gateway, FL
- Median Sale Price: $217,500
- Median Sale Price YoY: -20.60%
- Days on Market: 36
42. Sunrise, FL
- Median Sale Price: $130,000
- Median Sale Price YoY: -20.50%
- Days on Market: 71
43. Panama City Beach, FL
- Median Sale Price: $390,000
- Median Sale Price YoY: -20.40%
- Days on Market: 89
44. Fernandina Beach, FL
- Median Sale Price: $520,000
- Median Sale Price YoY: -20.10%
- Days on Market: 37
45. Sun City Center, FL
- Median Sale Price: $203,500
- Median Sale Price YoY: -20.00%
- Days on Market: 37
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