Trends in Florida 55+ Active Adult Real Estate Market

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What You’ll Gain From Reading This Article: This article provides real estate data for the 55+ homebuying market in Florida for February 2024.

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Florida continues to be the largest market in the 55+ real estate industry. More than 50% of all MLS listings in the U.S. in February 2024 were in the Sunshine State. Southeast Florida, which includes Miami-Dade and Broward Counties, had by far the most listings, at nearly 3,800. Following SE Florida, the other areas with significant homes available include the Central Florida region, Fort Myers–Naples, and Tampa Bay.

Florida 55+ Market Data: Key Takeaways

List prices in Florida are lower than in many other parts of the country with abundant supply. Other than Fort Myers-Naples, the other three popular areas have average list prices in the $330k – $350k range. Sales have been steady. However, the plentiful supply has led to nearly five months of inventory in Tampa. Other regions generally have 6 – 8 months of inventory. On the sales side, sales prices are running at about 3% below the list. 

The Villages, Sun City Center, On Top of the World, and The Villages of Citrus Hills had the most sales in February. Of the 20 communities with 20 or more sales, prices increased compared to January 2024 in 18 of the 20. Also, the total units sold grew in all but one.

Market Area	Average Daily Active Listing Count	Median Listing Price	Median Days On Market	Average Of 30 Days Sum Of Total Closed Listings	Median Sales Price	Days Inventory
Central Atlantic Coast	637	$432,450	78	72	$425,000	8.85
Central Florida	2,429	$334,450	67	490	$336,250	4.96
Central Gulf Coast	1,276	$399,900	64	200	$502,500	6.38
Daytona Beach	483	$431,000	64	95	$447,370	5.08
Florida Panhandle	70	$495,000	151	6	$991,500	11.67
Fort Myers–Naples	1,815	$572,500	54	223	$627,500	8.14
Jacksonville	305	$459,000	61	35	$431,980	8.71
Southeast Florida	3,794	$342,500	53	498	$264,000	7.62
Tampa	1,518	$339,900	63	319	$331,250	4.76
FLORIDA TOTAL	12,327	$392,264	61	1938	$380,033	6.36

Market Trends in Top 20 Communities By Sales in Florida

Name	Feb 2024 Listings	Δ vs. Jan 2024		Feb 2024 Median Listing Price	Δ vs. Jan 2024		Feb 2024 Median Days On Market	Δ vs. Jan 2024		Feb 2024 Closings	Δ vs. Jan 2024		Feb 2024 Median Sales Price	Δ vs. Jan 2024		Months of Inventory	Δ vs. Jan 2024
The Villages	444	3.3%	▲	370 k	1.3%	▼	51	3	▼	122	7.0%	▲	366 k	1.2%	▲	3.6	0.1	▼
Sun City Center	279	2.6%	▲	300 k	0.0%	▼	69	1	▲	59	20.4%	▲	320 k	2.2%	▲	4.7	0.8	▼
On Top of the World	195	4.3%	▲	307 k	0.2%	▼	75	2	▼	36	20.0%	▲	283 k	7.3%	▲	5.4	0.8	▼
The Villages of Citrus Hills	199	2.6%	▲	453 k	0.5%	▼	79	0	▼	35	12.9%	▲	400 k	4.3%	▼	5.7	0.6	▼
Century Village at Pembroke Pines	177	8.6%	▲	250 k	0.0%	▼	60	1	▲	29	20.8%	▲	212 k	0.9%	▼	6.1	0.7	▼
Century Village at West Palm Beach	246	7.0%	▲	139 k	0.0%	▼	62	2	▼	29	7.4%	▲	124 k	0.8%	▼	8.5	0.0	▼
Kings Point	131	6.5%	▲	249 k	0.2%	▼	64	2	▲	29	20.8%	▲	207 k	6.9%	▼	4.5	0.6	▼
Kings Point in Delray Beach	327	6.9%	▲	165 k	0.0%	▼	67	2	▲	24	4.0%	▼	135 k	3.9%	▼	13.6	1.4	▲
Angeline	26	7.1%	▼	415 k	2.8%	▲	34	12	▼	21	0.0%	▼	406 k	0.9%	▼	1.2	0.1	▼
Halifax Plantation	91	1.1%	▲	565 k	0.3%	▲	71	9	▼	21	0.0%	▼	391 k	1.0%	▼	4.3	0.0	▲
Oak Run	70	1.4%	▼	250 k	1.2%	▼	64	6	▼	21	5.0%	▲	261 k	2.4%	▼	3.3	0.2	▼
Solivita	93	3.1%	▼	340 k	0.0%	▲	106	3	▲	21	23.5%	▲	390 k	19.1%	▲	4.4	1.2	▼
Southshore Bay	29	0.0%	▼	399 k	0.0%	▼	36	6	▼	21	31.3%	▲	386 k	7.7%	▲	1.4	0.4	▼
Venetian Bay	72	9.1%	▲	444 k	0.5%	▲	49	14	▼	21	16.7%	▲	434 k	2.8%	▲	3.4	0.2	▼
Century Village East	210	6.6%	▲	157 k	0.9%	▲	52	7	▼	20	11.1%	▲	153 k	0.7%	▼	10.5	0.4	▼
Century Village at Boca Raton	214	4.9%	▲	180 k	0.6%	▼	67	2	▲	18	0.0%	▼	156 k	2.5%	▲	11.9	0.6	▲
Wynmoor Village	133	3.1%	▲	220 k	0.0%	▲	69	2	▲	18	12.5%	▲	165 k	8.8%	▼	7.4	0.7	▼
Kings Point in Tamarac	108	6.9%	▲	250 k	2.9%	▼	55	0	▼	17	6.3%	▲	239 k	0.0%	▼	6.4	0.0	▲
Villages of Oriole	141	7.6%	▲	245 k	1.6%	▼	63	3	▲	15	6.3%	▼	220 k	1.1%	▼	9.4	1.2	▲
On Top of the World Clearwater	92	3.4%	▲	215 k	1.1%	▲	71	4	▲	14	6.7%	▼	180 k	0.0%	▼	6.6	0.6	▲