Introduction to South Florida Real Estate Market

The sales price for single-family homes in Florida decreased from January to February 2025. According to a new report by Florida Realtors, the median sales price for those types of homes in February was $415,000, compared to $410,000 in January. This report broke down the values in 22 metropolitan areas in Florida, providing a comprehensive overview of the state’s real estate market.

Regional Breakdown

South Florida, which included Miami, Fort Lauderdale, and West Palm Beach, had the second-highest median price of $640,000, which is a $10,000 decrease from last month. Naples-Immokalee-Marco Island topped the list with a median price of $925,000, while Sebring was the lowest with a price of $279,475. The variations in median prices across different regions highlight the diversity of the Florida real estate market.

Metropolitan Areas Comparison

The following list includes the rest of the metropolitan areas in Florida Realtors’ report:

• Naples-Immokalee-Marco Island: $925,000
• Miami-Fort Lauderdale-West Palm Beach: $640,000
• North Port-Sarasota-Bradenton: $483,688
• Orlando-Kissimmee-Sanford: $440,000
• Port St. Lucie: $429,500
• Crestview-Fort Walton Beach-Destin: $417,950
• Cape Coral-Fort Myers: $416,000
• Sebastian-Vero Beach: $412,500
• Tampa-St. Petersburg-Clearwater: $399,990
• Jacksonville: $397,000
• Palm Bay-Melbourne-Titusville: $370,000
• The Villages: $369,995
• Gainesville: $356,495
• Deltona-Daytona Beach-Ormond Beach: $350,000
• Panama City: $350,000
• Punta Gorda: $349,000
• Lakeland-Winter Haven: $330,000
• Pensacola-Ferry Pass-Brent: $325,000
• Tallahassee: $325,000
• Ocala: $290,000
• Homosassa Springs: $285,000
• Sebring: $279,475

Market Trends

The decrease in median sales price from January to February 2025 indicates a potential shift in the market. Understanding these trends is crucial for buyers, sellers, and investors looking to navigate the South Florida real estate market. The report suggests that while prices may fluctuate, certain areas like Naples and South Florida remain strong, with high median sales prices.

Conclusion

The South Florida single-family homes market experienced a slight decrease in median sales price in February 2025 compared to the previous month. With a median price of $640,000, South Florida remains one of the more expensive regions in the state. As the market continues to evolve, it’s essential for individuals involved in the real estate market to stay informed about these changes.

FAQs

• Q: What was the median sales price for single-family homes in South Florida in February 2025?
  A: The median sales price was $640,000.
• Q: Which metropolitan area had the highest median sales price in February 2025?
  A: Naples-Immokalee-Marco Island, with a median price of $925,000.
• Q: Did the median sales price increase or decrease from January to February 2025 in South Florida?
  A: It decreased by $10,000.