Florida (FL) housing market

Name: Florida Housing Market Data
Creator: Redfin

Cold Market

Statewide monthly sale-market indicators for rental investors — not a substitute for local rent comps, taxes, or insurance, but a fast read on price level, pace, and negotiation pressure.

Data period: May 2026

Market snapshot

Median sale price: $422K
Median days on market: 66 days
Months of supply: 4.7
Active inventory: 154,589
Homes sold: 32,743
Sale-to-list ratio: 96.7%
Listings with price drop: 28.5%
Data month: May 2026

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Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.

Rental Investor Snapshot

Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.

Market temperature: Cooling
Buyer leverage: High
Pricing signal vs. U.S. median: Near U.S. median (price only)
Investor fit (heuristic): Negotiation · BRRRR

Watch-outs

Slower sales (longer days on market) can mean more time to diligence — but also weaker demand.
Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.

Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.

Cold Market

Inventory is high and homes are sitting longer — a buyer's market.

Florida market summary

The Florida housing market is cooling down. As of May 2026, the median home sale price is $422K, up 2.6% year-over-year. Homes are spending a median of 66 days on the market, 1.5% shorter than a year ago.

There are 154,589 homes for sale — 17.0% fewer than last year. With 4.7 months of supply, this is a balanced market. 41,685 new listings were added during this period, down 6.9% year-over-year.

Homes are selling for 96.7% of their list price on average, suggesting room for negotiation. 11.1% of homes sell above their asking price. 28.5% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

Contributing Factors

Months of Supply↑ 4.7

Days on Market↑ 66

Price Drops↑ 28.5%

Sale-to-List Ratio↑ 96.7%

Market Temperature↑ Cold

How This Market Compares

vs. National Median

Median Price (National: $450K)↓ 6.3%

Days on Market (National: 42)↑ 57.1%

Inventory (National: 1,460,440)↓ 89.4%

Investor takeaway

The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.

Florida market trends

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Detailed market metrics

Median list price

$439K

Price per sq ft

$253

Sale-to-list ratio

96.7%

Months of supply

4.7

Sold above list

11.1%

Price drops

28.5%

New listings

41,685

↓ 6.9% YoY

Pending sales

38,800

Florida housing market FAQs

What is the median home price in Florida?

For the latest published month, the median sale price in Florida is $422K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.

Is Florida a buyer's or seller's market?

With about 4.7 months of supply, the market is often closer to balanced — neither extreme scarcity nor extreme surplus.

How long do homes stay on the market in Florida?

For the latest published month, the median days on market in Florida is 66 days — half of homes went pending faster and half slower.

Is Florida good for rental property investors?

Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Florida can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.

How should investors analyze a rental property in Florida?

Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Florida deals.

Metro markets in Florida

Open a metro for the same investor snapshot and trends, then run a shortlist through the DSCR calculator and cap rate calculator.

Tampa, FL

$388K median · 48 days on market

Cool Market

Orlando, FL

$414K median · 46 days on market

Cool Market

Jacksonville, FL

$391K median · 62 days on market

Cool Market

West Palm Beach, FL

$540K median · 81 days on market

Market snapshot

Rental Investor Snapshot

Watch-outs

Florida market summary

How This Market Compares

Investor takeaway

Florida market trends

Detailed market metrics

Florida housing market FAQs

What is the median home price in Florida?

Is Florida a buyer's or seller's market?

How long do homes stay on the market in Florida?

Is Florida good for rental property investors?

How should investors analyze a rental property in Florida?

Metro markets in Florida

More Florida housing market data

Underwrite a Florida rental with real numbers