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10 Places in Florida Where Home Prices are Surging

For the most part, home prices in Florida have stayed stable with a modest increase of 5% versus previous year. However, according to Redfin, there are some places in Florida where home prices are surging, increasing as much as 140% versus previous year! Below are the places in Florida where home prices are rising the most.

Places in Florida Where Home Prices are Rising

1. Sarasota

Sarasota real estate market is hot. The housing market is experiencing a remarkable surge, with home prices skyrocketing by 140.5% compared to the previous year, making it the fastest growing sales price in Florida. 

In December 2023, the median sale price reached an impressive $950,000. 

Homes are now selling faster in Sarasota. It takes an average of 17 days to sell a house which is a lot faster than previous year were it took an average of 26 days to sell a house. 

In December 2023, 175 homes were sold, up from 142 last year. These trends suggest that the Sarasota housing market is highly competitive and in high demand.

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2. Winter Park

Winter Park’s housing market is experiencing a significant growth spurt, with home prices rising by 40.8% compared to the previous year, making it the second fastest growing sales price in Florida. 

Homes in Winter Park receive 2 offers on average and sold in around 26 days. Homes are now selling faster, a decrease from 30 days in the previous year. 

In December 2023, the median sale price reached $655,000. In December 2023, 52 homes were sold, down from 61 last year. 

3. Miami Beach

Miami Beach came in a close as the place in Florida with the third fastest growing sales price. Home prices in Miami Beach rose by 40.4% compared to the previous year. 

In December 2023, the median sale price is $500,000. 

Homes in Miami Beach receive 2 offers on average and sell in around 78 days. Compared to last year, it is taking longer to sell a house in Miami Beach. Last year it too 67 days on average to sell a house and now it’s taking 78 days to sell a house.

The Miami Beach housing market is still highly competitive, but the demand has slightly decreased.

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4. Ormond Beach

Ormond Beach is one of the places in Florida where home prices are rising.Home prices rose by 35.3% compared to the previous year with a median sale price of $447,000. Homes are now selling slower, spending an average of 86 days on the market, an increase from 49 days in the previous year.

5. Riviera Beach

Median home prices at Riviera Beach rose to $480,000 which is a 34.3% increase in price compared to previous year. The median sale price per square foot also increased by 13.9% since last year, reaching $324. 

Homes are now selling faster, spending an average of 57 days on the market, a decrease from 73 days in the previous year. In December 2023, 67 homes were sold, up from 48 last year. The Riviera Beach housing market is highly competitive and in high demand.

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6. Daytona Beach

Daytona Beach is one of the most cheapest places to buy a house in Florida. However, the median home prices rose 32.6% to $305,000 in the past year. The median sale price per square foot also increased by 7.2% since last year, reaching $194. 

Homes are taking longer to sell at Daytona Beach, spending an average of 72 days on the market, compared to 46 days last year.

7. Nocatee

The median home price at Nocatee rose by 31.5% versus previous year to $815,000. The median sale price per square foot also increased by 7.3% since last year, reaching $316. Homes in Nocatee receive 1 offer on average and sell in around 83 days. Homes are now selling slower. Last year, it only took an average of 35 days to sell a house in Nocatee. 

8. Oviedo

The housing market in Oviedo is competitive, with homes receiving an average of one offer and selling in approximately 33 days. The median sale price of a home in Oviedo was $530,000 last month, which is a 33.8% increase from the previous year. 

The median sale price per square foot in Oviedo also increased by 10.5% since last year, reaching $252. One thing to note is that it is taking a little longer to sell a house in Oviedo. It takes 33 days to sell a house compared to 28 days last year.

9. Jupiter

Jupiter’s housing market is going strong, with home prices rising by 26.1% compared to the previous year, making it one of the fastest growing sales prices in Florida. 

In December 2023, the median sale price of a home in Jupiter reached $725,000. The median sale price per square foot also increased by 14.9% since last year, reaching $428. 

Homes are taking a little longer to sell in Jupiter,  averaging 57 days on the marke compared to 50 days last year. 

10. Deerfield Beach

Deerfield Beach is one of the most affordable places to buy a house in Florida. However, home prices have increased by 28.8% versus previous year to $335,000. The median sale price per square foot in Deerfield Beach also increased by 10.9% since last year, reaching $259.

The housing market in Deerfield Beach is competitive, with homes taking an average of 50 days to sell. This is a little faster than the previous year where it took 58 days to sell a house. 

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