Real estate market data for Stuart, FL provided by Eric Slifkin of The Stuart Home Search Real Estate Team.
Stuart Home Prices Listing prices for both resale and new homes have been trending upwards on home prices in Stuart, Florida over the past several months. I expect this trend to continue into the Summer and beyond. If you are considering buying a home you can still find deals on houses in Stuart, but working with a seasoned real estate agent who understands the local market will help locate the best properties for you. Don’t wait on the sidelines for too long though, as many listings in sought after areas and foreclosed properties are starting to sell within a few days of hitting the market.
As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home (or bid too low), you'll want to have an agent that does a thorough market analysis of the Stuart home on which you are making an offer. If you are interested in how much current inventory is on the market in Stuart you can find that information by clicking here. Presently, we are experiencing limited inventory in Stuart and the surrounding area, which indicates a shift to a seller's market. Regardless, many homes still have a median time of 114 days on the market before they sell, providing opportunities for savvy buyers to make aggressive offers on homes. That said, sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Stuart has multiple offers coming in on desirable homes similar to what we saw back in 2005.
I wouldn't expect home prices to run up quite as fast as they did back then, as banks have gotten a lot stricter on lending guidelines. A still challenging (but improving) job market and cautious home buyers are also keeping the market in check, but low inventory is one indicator that prices should continue to rise.
Stuart Real Estate Report Summary
The median list price in March for single family homes in Stuart is $249,870. The list prices decreased by -0.03% from the previous month. The price per square foot for listings in this area is $191. The median sale price in February for single family homes is $451,000. The sale prices increased by 287.12% from the previous month. The price per square foot for sales in this area is $149.
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