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South Pinellas Times

Monday, November 4, 2024

Falling home prices in Madeira Beach in 2020

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The median sale price of a home sold in 2020 in Madeira Beach fell by $20,000 while total sales decreased by 77.4%, according to BlockShopper.com.

From January through December of 2020, there were 43 homes sold, with a median sale price of $405,000 - a 4.7% decrease over the $425,000 median sale price for the previous year. There were 190 homes sold in Madeira Beach in 2019.

The median sales tax in Madeira Beach for the most recent year with available data, 2019, was $4,652, approximately 1.1% of the median home sale price for 2020.

The following table compares Madeira Beach to other Pinellas County cities with similar median sale prices in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Redington Beach1547-68.1%$562,500$375,00050%
Indian Rocks Beach35167-79%$547,000$510,0007.3%
St Pete Beach100461-78.3%$472,000$385,10022.6%
Belleair31182-83%$442,500$325,00036.2%
Palm Harbor64332-80.7%$439,500$351,50025%
Madeira Beach43190-77.4%$405,000$425,000-4.7%
Treasure Island77338-77.2%$392,000$365,0007.4%
Indian Shores34158-78.5%$363,000$419,000-13.4%
Safety Harbor74354-79.1%$343,500$298,90014.9%
Oldsmar93382-75.7%$280,000$256,0009.4%
Tarpon Springs169861-80.4%$270,000$241,00012%

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