In 2022, the median price for a townhouse or condo in the state of Florida was 306,500 U.S. dollars, up from 252,000 U.S. dollars in 2021. Townhouse and condo prices have generally increased since 2012, when the median sale price was 106,620 U.S. dollars.

The typical value of condos sold in the different metropolitan areas in Florida ranged between 142,000 U.S. dollars and 754,000 U.S. dollars in April 2024. Palm Bay and Port St. Lucie were the most expensive metros to buy a condo, while Sebring and Ocala had the most affordable prices. The figures reflect properties in the 40th to 60th percentile range.

As Florida's home market cools, the median number of days between a home listing and the closing date has grown. In the first quarter of 2024, selling a condo or a townhouse took 87 days, compared to 50 days in the second quarter of 2023. The change in demand has also resulted in a declining value of condos and townhouses sold.

Graph and download economic data for Zillow Home Value Index (ZHVI) for All Homes Including Single-Family Residences, Condos, and CO-OPs in Florida (FLUCSFRCONDOSMSAMID) from Jan 2000 to May 2025 about 1-unit structures, family, residential, FL, housing, indexes, and USA.

United States New Listings: Condo/Co-op: Florida data was reported at 8,994.000 Unit th in Jul 2020. This records an increase from the previous number of 8,971.000 Unit th for Jun 2020. United States New Listings: Condo/Co-op: Florida data is updated monthly, averaging 7,574.000 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 11,701.000 Unit th in Jan 2020 and a record low of 2,849.000 Unit th in Dec 2012. United States New Listings: Condo/Co-op: Florida data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB032: New Homes Listed for Sale: by States.

Graph and download economic data for All-Transactions House Price Index for Florida (FLSTHPI) from Q1 1975 to Q1 2025 about appraisers, FL, HPI, housing, price index, indexes, price, and USA.

United States Median Home Sale Price: Condo/Co-op: Florida data was reported at 197.000 USD th in Jul 2020. This records an increase from the previous number of 194.000 USD th for Jun 2020. United States Median Home Sale Price: Condo/Co-op: Florida data is updated monthly, averaging 150.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 199.000 USD th in Mar 2020 and a record low of 87.000 USD th in Feb 2012. United States Median Home Sale Price: Condo/Co-op: Florida data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB055: Median Home Sale Price: by States.

In the second quarter of 2023, the median sales price of a three-bedroom condo in Miami was 2.7 million U.S. dollars. The price of a studio was notably lower at 387,000 U.S. dollars. Miami is one of the most populous metros in Florida and the second most expensive rental market in the state.

Graph and download economic data for Housing Inventory: Active Listing Count in Florida (ACTLISCOUFL) from Jul 2016 to May 2025 about active listing, FL, listing, and USA.

In 2023, the largest share of active condominium and townhouse listings in Florida was for properties with an initial listing price between 300,000 and 399,999 U.S. dollars. Approximately 32,442 condos and townhouses fell in this price band, while the number of luxury properties valued over one million U.S. dollars were 13,165.

The quarterly volume of condo and townhouse sales in Florida fell to 22,811 in the first quarter of 2024. This was one of the lowest values observed since 2018. During the same period, the value of townhouse and condo transactions in Florida also reduced.

The count of active single-family and condo/townhome listings for a given market during the specified month (excludes pending listings).

With the release of its September 2022 housing trends report, Realtor.com® incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. The new methodology updates and improves the calculation of time on market and improves handling of duplicate listings. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates. As a result of these changes, the data released since October 2022 will not be directly comparable with previous data releases (files downloaded before October 2022) and Realtor.com® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology. More details are available at the source's Real Estate Data Library (https://www.realtor.com/research/data/).

With the release of its November 2021 housing trends report, Realtor.com® incorporated a new and improved methodology for capturing and reporting housing inventory trends and metrics. The new methodology uses the latest and most accurate data mapping of listing statuses to yield a cleaner and more consistent measurement of active listings at both the national and local level. The methodology has also been adjusted to better account for missing data in some fields including square footage. Most areas across the country will see minor changes with a smaller handful of areas seeing larger updates. As a result of these changes, the data released since December 2021 will not be directly comparable with previous data releases (files downloaded before December 2021) and Realtor.com® economics blog posts. However, future data releases, including historical data, will consistently apply the new methodology. More details are available at the source's Real Estate Data Library (https://www.realtor.com/research/data/).

The US residential real estate market, a cornerstone of the American economy, is projected to experience steady growth over the next decade. While the provided CAGR of 2.04% is a modest figure, it reflects a market maturing after a period of significant expansion. This sustained growth is driven by several key factors. Firstly, population growth and urbanization continue to fuel demand for housing, particularly in densely populated areas and emerging suburban markets. Secondly, low interest rates (historically, though this can fluctuate) have made mortgages more accessible, stimulating buyer activity. Thirdly, a robust construction sector, though facing challenges in material costs and labor shortages, is gradually increasing the housing supply, mitigating some of the upward pressure on prices. However, challenges remain. Rising inflation and potential interest rate hikes pose a risk to affordability, potentially dampening demand. Furthermore, the ongoing evolution of remote work is reshaping residential preferences, with a shift toward larger homes in suburban or exurban locations. This trend impacts the relative demand for various property types, potentially increasing the appeal of landed houses and villas compared to apartments and condominiums in certain regions. The segmentation of the market into apartments/condominiums and landed houses/villas provides crucial insights into consumer preferences and investment strategies. High-density urban areas will continue to see strong demand for apartments and condos, while suburban and rural areas are likely to experience a greater increase in landed property sales. Major players like Simon Property Group, Mill Creek Residential, and others are strategically adapting to these trends, focusing on both development and management across various property types and geographic locations. Analyzing regional data within the US (e.g., comparing growth in the Northeast versus the Southwest) will highlight market nuances and potential investment opportunities. While the global data provided is valuable for understanding broader market forces, focusing the analysis on the US market allows for a more granular understanding of the specific drivers, trends, and challenges within this significant segment of the real estate sector. The forecast period (2025-2033) suggests continued, albeit measured, expansion. Recent developments include: May 2022: Resource REIT Inc. completed the sale of all of its outstanding shares of common stock to Blackstone Real Estate Income Trust Inc. for USD 14.75 per share in an all-cash deal valued at USD 3.7 billion, including the assumption of the REIT's debt., February 2022: The largest owner of commercial real estate in the world and private equity company Blackstone is growing its portfolio of residential rentals and commercial properties in the United States. The company revealed that it would shell out about USD 6 billion to buy Preferred Apartment Communities, an Atlanta-based real estate investment trust that owns 44 multifamily communities and roughly 12,000 homes in the Southeast, mostly in Atlanta, Nashville, Charlotte, North Carolina, and the Florida cities of Jacksonville, Orlando, and Tampa.. Key drivers for this market are: Investment Plan Towards Urban Rail Development. Potential restraints include: Italy’s Fragmented Approach to Tenders. Notable trends are: Existing Home Sales Witnessing Strong Growth.

Graph and download economic data for All-Transactions House Price Index for Miami-Miami Beach-Kendall, FL (MSAD) (ATNHPIUS33124Q) from Q4 1975 to Q1 2025 about Miami, appraisers, FL, HPI, housing, price index, indexes, price, and USA.

United States Listings w/ Price Drops: Condo/Co-op: Florida data was reported at 17.671 % in Jul 2020. This records an increase from the previous number of 17.436 % for Jun 2020. United States Listings w/ Price Drops: Condo/Co-op: Florida data is updated monthly, averaging 16.502 % from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 26.790 % in Mar 2017 and a record low of 0.000 % in Jan 2013. United States Listings w/ Price Drops: Condo/Co-op: Florida data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB040: Listings with Price Drops: by States.

The quarterly dollar volume of condo and townhouse sales in Florida, United States amounted to 10.9 billion U.S. dollars in the first quarter of 2024. This was a slight decrease from the same quarter in 2023, when a value of 11.7 billion U.S. dollars was recorded.

Graph and download economic data for Housing Inventory: Median Days on Market in Florida (MEDDAYONMARFL) from Jul 2016 to May 2025 about FL, median, and USA.

United States Inventory: Condo/Co-op: Florida data was reported at 34,084.000 Unit th in Jul 2020. This records a decrease from the previous number of 34,612.000 Unit th for Jun 2020. United States Inventory: Condo/Co-op: Florida data is updated monthly, averaging 33,372.500 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 40,468.000 Unit th in Feb 2019 and a record low of 15,699.000 Unit th in Dec 2012. United States Inventory: Condo/Co-op: Florida data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB024: Inventory of Home for Sale: by States.

Graph and download economic data for All-Transactions House Price Index for Orlando-Kissimmee-Sanford, FL (MSA) (ATNHPIUS36740Q) from Q2 1978 to Q1 2025 about Orlando, appraisers, FL, HPI, housing, price index, indexes, price, and USA.

United States Avg Sale To List: Condo/Co-op: Florida data was reported at 95.365 % in Jul 2020. This records an increase from the previous number of 94.862 % for Jun 2020. United States Avg Sale To List: Condo/Co-op: Florida data is updated monthly, averaging 95.150 % from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 96.094 % in Sep 2013 and a record low of 94.543 % in Apr 2012. United States Avg Sale To List: Condo/Co-op: Florida data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB049: Average Sales to List: by States.