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Featured local agent — Pelican Bay, FL
Sarah Mitchell
Compass Real Estate · Pelican Bay, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Pelican Bay, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$2.15Mmedian sale price
How is the Pelican Bay, FL housing market right now?
The median home sale price in Pelican Bay, FL is $2.15M, up 38.7% year-over-year. Homes sell in an average of 88 days with 157 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Pelican Bay a buyer's or seller's market?
Pelican Bay, FL is currently a buyer's market, based on 5.8 months of supply and homes selling in about 88 days. How we determine this →
Homes sold
27
Last 12 weeks
Days on market
88
Average pace
Active listings
157
5.8 months supply
Sale-to-list
93.5%
Below asking
What does the Pelican Bay housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $2.15M |
| Median list price | $1.15M |
| Year-over-year price change | +38.7% |
| Average days on market | 88 days |
| Active inventory | 157 listings |
| Months of supply | 5.8 months |
| Sale-to-list price ratio | 93.5% |
| Median price per sq ft | $857/sq ft |
| Homes sold (latest month) | 27 |
| New listings (latest month) | 25 |
| Listings with a price cut | 17.2% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Pelican Bay by property type?
How the Pelican Bay, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $2.25M | $1,027/sq ft | 5 | 88 days |
| Condo / Co-op | $1.60M | $713/sq ft | 22 | 124 days |
Source: Redfin · Updated monthly
The Pelican Bay housing market is currently classified as a buyer's market with a median sale price of $2.15M. Prices have risen 38.7% compared to last year, with homes spending an average of 88 days on market, indicating 5.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Pelican Bay
There are currently 157 homes listed for sale in Pelican Bay, Florida. The median listing price is $1.1M.
Active listings
157
Homes on market
Median list price
$1.1M
Avg. days on market
88
Days until sale
New this week
25
Newly listed
Who lives in Pelican Bay?
Population
6,575
Median income
$159,187/yr
Median age
73.8 years
Owner-occupied
94.6%
College grads
74.3%
Avg commute
17.9 min
Source: U.S. Census Bureau ACS
What is it like to live in Pelican Bay?
Pelican Bay is a community of approximately 7K residents with a median age of 73.8 years.The median household income is $159,187, which reflects a relatively affluent area with strong earning potential. 74.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 94.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 17.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pelican Bay offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Pelican Bay, FL?
Want a head-to-head view? Compare Pelican Bay side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Pelican Bay?
The median home sale price in Pelican Bay is $2.15M, up 38.7% from last year.
How long do homes stay on market in Pelican Bay?
Homes typically spend 88 days on market before going under contract.
What is the median income in Pelican Bay?
The median household income is $159,187 per year.
Is Pelican Bay a buyer's or seller's market?
With 5.8 months of supply, Pelican Bay is currently a buyer's market.
What is the median condo price in Pelican Bay?
The median condo/co-op sale price in Pelican Bay, FL is $1.60M, compared to $2.25M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pelican Bay?
The median single-family home price in Pelican Bay, FL is $2.25M (about $1,027 per square foot).
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