Florida Real Estate Market in 2022: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

September 1st, 2022
Updated September 1st, 2022

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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 (May 2022)

How is the real estate market in Florida?
🏠 Average home value: $405,489
📈 0.88% home value increase month over month
💰 Median sale price: $447,500
⏳ 42 days on the market
🔑 Homes on the market: 84,296
📆 1.5 months of housing inventory
🏦 30-year mortgage rate: 5.49000%
💵 Average income: 57703
State of the market: A-
The value of real estate in Florida continues to rise, and with the low inventory and fast turnaround time of sales, the market won’t be cooling off soon.
*Data last updated May 2022

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 2 days slower than the annual average
💰 Homes are selling for $29,042 more than the annual average
💸 Average listing commission: 2.70%
💸 Average buyer's commission: 2.70%

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: 763 sq ft
🏡 Orlando: 1,271 sq ft
🏡 Tampa: 1,205 sq ft
🏠 Jacksonville: 1,316 sq ft

Investing in Florida real estate

Best of Florida

Each month, we compare locations in Florida based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Florida
1. Monroe County
2. Wakulla County
3. Miami-Dade County
4. St. Johns County
5. Broward County

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

Worst of Florida

Each month, we compare locations in Florida based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Florida
1. Hamilton County
2. Dixie County
3. Madison County
4. Putnam County
5. Holmes County

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.

Ready to get started?

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

Remember, this service is 100% free and there’s never any obligation.

Frequently asked questions about Florida real estate

Investing in Florida real estate, especially in a big city like Jacksonville or Miami, can really pay off since there is always a demand for housing. However, such a decision requires proper preparation, like planning your finances and creating a property management plan. To learn more about what you need to do, read our guide to real estate investing.

Now might not be the best time to buy a house in Florida, as listing prices are much higher than usual. However, mortgage rates are lower than in other states, so if you do find the right house for you, lock in that low rate while you can. To understand all your options, you should work with a top real estate agent in Florida.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, 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.

Better real estate agents at a better rate

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If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.