Florida Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

July 16th, 2021
Updated July 16th, 2021

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Florida real estate trends

Real estate trends in Florida | Sellers | Buyers | Investors | The best and worst of Florida | Florida resources

Florida real estate trends (July 2021)

How is the real estate market in Florida?
🏠 Average home value: $303,556
📈 1.86% home value increase month over month
💰 Median sale price: $331,000
⏳ 72 days on the market
🔑 Homes on the market: 51,226
📆 0.6 months of housing inventory
🏦 30-year mortgage rate: 2.96%
💵 Average income: $55,660
State of the market: A-
Florida is a rarity: a very hot market with some pockets of affordability, which is attracting buyers from out-of-state. listing prices and home values are both rising, while inventory remains low, making this a great market for sellers.
*Data last updated July 2021

In recent years, Florida has become a major destination for new residents who are ready for a retirement — or just a change of pace.

Beach-lovers enjoy Florida's nearly 700 miles of sandy shores, which provide the perfect setting for swimming, fishing, or just relaxing in the sun. The Sunshine State is also home to Walt Disney World, NASA's Kennedy Space Center, and the Everglades — not to mention the quirky Keys where Ernest Hemingway once made his home.

Whether you enjoy the great outdoors or Miami's bustling nightlife, Florida has no shortage of experiences to offer.

If you're thinking of buying or selling in Florida, these Florida housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Florida

Florida real estate market forecast for sellers
⏰ Homes are selling 27 days faster than the annual average
💰 Homes are selling for $27,375 more than the annual average
💸 Average listing commission: 2.69%
💸 Average buyer's commission: 2.69%

How to sell a home in Florida

Cost to sell a home in Florida

💰 Save thousands on realtor fees with Clever

List with the best agents in your area for just $3,000 or 1%. On average, Clever sellers save $9,000 on commission!

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Buying a home in Florida

How much home you can buy with $300,000 in...
🏠 Miami: 962 sq ft
🏡 Orlando: 1,568 sq ft
🏡 Tampa: 1,460 sq ft
🏠 Jacksonville: 1,598 sq ft

Investing in Florida real estate

Best of Florida

Each month, we compare cities in Florida based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Florida
1. Palatka
2. Tallahassee
3. Gainesville
4. Sebring-Avon Park
5. Ocala

Ready to buy a home in Florida? Eligible buyers get cash back with Clever!

Worst of Florida

Each month, we compare cities in Florida based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Florida
1. Key West
2. The Villages
3. Miami-Fort Lauderdale-Pompano Beach
4. Naples-Marco Island
5. Palm Bay-Melbourne-Titusville

Florida resources

👋 Next Steps: Talk to an expert!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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