Written by: Real Estate

The Hottest Markets in Florida for Real Estate

Are you thinking about listing your house? Look through this list of the hottest markets in Florida for real estate to see if your local area made the cut!

The Hottest Markets in Florida for Real Estate

Florida is an enduring powerhouse for real estate markets. While it’s gone through downtimes and hiccups, it’s always been one of the most desirable places to live in the U.S. After a brief downturn due to the COVID-19 pandemic, Florida’s real estate market saw a resurgence in 2021. That trend is set to continue as we enter into 2022 and beyond! Here are the hottest markets in Florida for real estate.

Port Charlotte

First is Port Charlotte—a favorite spot for retirees. The community boasts excellent public schools and has a low crime rate. It’s a safe place to raise a family or settle down after a long career. There are great beaches here as well.

The real estate market is also growing like crazy. The median home price is currently at $215,990. Over the last year, prices increased an impressive 10.2%. It’s clear that people were eager to return to Port Charlotte after the brunt of the pandemic was over.

Pensacola

A big reason home prices are soaring in Pensacola is the low unemployment rate. There are many employers in the area, such as Gold Coast Health Care. For this reason, the median home price is $205,500. That’s an increase of 9.7% since 2020. Pensacola has a bustling nightlife, yet it’s safe enough for families.

The 30A

The beaches along the scenic 30A highway are home to some of the most beautiful sands in the state. Each small community smattered on this roughly 25-mile stretch between Destin and Panama City offers a unique living experience with communal amenities that take luxury beach living to the maximum. The medium house price in South Waldon is $1,255,000, up 45% from last year. The 30A real estate market shows no signs of slowing down anytime soon, seeing consistent growth for over a decade.

Orlando

Orlando currently has a very competitive housing market. The city is home to some of the nation’s largest and most renowned theme parks. The population of this city continues to boom as well. Over the last 10 years, Orlando has grown by 20.4%. The current median home price is $282,500, up 6.6% from 2020.

Jacksonville

Jacksonville is another city that’s seen massive population growth since 2012. It’s grown by 10.9 percent since then with no sign that the trend is going to slow down. It’s a vibrant city with an NFL team and a lot of pride. The median home price is $235,000, up 13.8% from 2020.

Cape Coral

By far the hottest market in Florida right now is Cape Coral. A big reason for this is the massive job growth the city has seen in recent years. Cape Coral is home to 32 Fortune 500 companies, so there’s ample employment opportunity.

The metro area is one of the fastest-growing areas in the United States. Right now, the median home price is $284,000, an increase of 16% from 2020.

Closing Thoughts

Those are the hottest markets in Florida for real estate right now. As you can see, the Sunshine State is on fire right now for competitive home prices. Beyond the prices, homes are also selling in record times. In Orlando, for example, a house will sell in 22 days on average.

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Last modified: January 21, 2022