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South Pinellas Times

Monday, November 4, 2024

Falling home prices in Madeira Beach in December 2020

Realestate5

The median sale price of a home sold in December 2020 in Madeira Beach fell by $92,500 while total sales decreased by 84.2%, according to BlockShopper.com.

In December 2020, there were three homes sold, with a median sale price of $357,500 - a 20.6% decrease over the $450,000 median sale price for the same period of the previous year. There were 19 homes sold in Madeira Beach in December 2019.

The median sales tax in Madeira Beach for the most recent year with available data, 2019, was $4,652, approximately 1.3% of the median home sale price for December 2020.

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

CityDec. 2020 Home SalesDec. 2019 Home Sales% change (Total Home Sales)Dec. 2020 Median Sales PriceDec. 2019 Median Sales Price% change (Median Sales Price)
Belleair Bluffs35-40%$491,000$158,000210.8%
Belleair Beach16-83.3%$465,000$375,00024%
Redington Shores312-75%$452,400$522,000-13.3%
Palm Harbor625-76%$392,450$345,00013.8%
Indian Shores215-86.7%$372,500$400,000-6.9%
Madeira Beach319-84.2%$357,500$450,000-20.6%
St Pete Beach529-82.8%$325,000$355,000-8.5%
South Pasadena319-84.2%$324,900$164,00098.1%
Seminole17130-86.9%$283,000$242,50016.7%
Oldsmar333-90.9%$280,000$265,0005.7%
Largo19143-86.7%$240,000$210,00014.3%

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