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Florida Cities Where Homes Are Selling Below Asking Price

It’s a tough market to become a new homeowner. But on the bright side, there are some Florida cities where some homes are selling below their asking price. Some are…

Florida Cities Where Homes Are Selling Below Asking Price
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It's a tough market to become a new homeowner. But on the bright side, there are some Florida cities where some homes are selling below their asking price. Some are even a quick drive from the Tampa Bay area. We got the list from Stacker, who analyzed data from Redfin. Their data shows sales from the month of December 2022.

The average 30-year fixed rate mortgage sits just above 6%. Even if it trends a half of a percentage point, it can have an outsized impact on the monthly payments required for a mortgage. Before mortgage rates started spiking, homebuyers were able to lock in rates that are far more affordable than what’s suddenly on offer in today’s environment. It also doesn't help that sellers aren't exactly coming down on price. In a lot of metro areas, home prices are still increasing.

And yet there are still metro areas where homebuyers are finding homes selling for below asking price.

One thing that could skew this data is something that’s happening here in many parts of Florida. People are ‘first listing’ at a ridiculous price just to see if they get lucky. If they don’t, 2 weeks later they lower the price. The point being, if you’re looking to buy you should be very skeptical of that ‘first listing’ price. After viewing the home, see if you can make a reasonable offer, who knows, you could get lucky!

Our list just includes the cities in Florida where homes are likely to sell under asking price. If you'd like to see how they match up to other metros in the country, click here for the full study.

Here are the Florida cities where homes are selling below the asking price.

Pensacola, FL Metro Area

– Number 36 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $337,900
– Median sale price: $318,950
– Total homes sold: 692

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Ocala, FL Metro Area

– Number 35 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $299,000
– Median sale price: $269,000
– Total homes sold: 638

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(Photo by Michael Reaves/Getty Images)

Palm Bay, FL Metro Area

– Number 34 on Stacker's list
– Average sale-to-list ratio: 0.97

– Median list price: $357,000
– Median sale price: $349,870
– Total homes sold: 959

Orlando, FL Metro Area

– Number 33 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $399,989
– Median sale price: $385,000
– Total homes sold: 3,010

Orlando, Florida, USA Downtown Drone Skyline Aerial

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Tampa, FL Metro Area

– Number 30 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $375,000
– Median sale price: $369,990
– Total homes sold: 4,215

tampa

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Crestview, FL Metro Area

– Number 29 on Stacker's list
– Average sale-to-list ratio: 0.97

– Median list price: $480,000
– Median sale price: $449,098
– Total homes sold: 639

North Port, FL Metro Area

– Number 28 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $508,327
– Median sale price: $450,000
– Total homes sold: 1,547

Port St. Lucie, FL Metro Area

– Number 24 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $399,995
– Median sale price: $385,000
– Total homes sold: 710

Cape Coral, FL Metro Area

– Number 17 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $430,000
– Median sale price: $384,945
– Total homes sold: 1,400

Boat Tours Give Buyers Close-Up View Of Foreclosed Homes

(Photo by Joe Raedle/Getty Images)

Jacksonville, FL Metro Area

– Number 16 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $430,000
– Median sale price: $384,945
– Total homes sold: 1,400

jacksonville

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Panama City, FL Metro Area

– Number 15 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $385,000
– Median sale price: $359,429
– Total homes sold: 409

IRONMAN Florida

(Photo by Julio Aguilar/Getty Images for IRONMAN)

Deltona, FL Metro Area

– Number 13 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $354,495
– Median sale price: $339,900
– Total homes sold: 1,023

Fort Lauderdale, FL Metro Area

– Number 12 on Stacker's list
–Average sale-to-list ratio: 0.97

– Median list price: $395,000
– Median sale price: $380,000
– Total homes sold: 2,057

Punta Gorda, FL Metro Area

– Number 10 on Stacker's list
– Average sale-to-list ratio: 0.97
– Median list price: $399,999
– Median sale price: $365,000
– Total homes sold: 348

Miami, FL Metro Area

– Number 7 on Stacker's list
– Average sale-to-list ratio: 0.96

– Median list price: $530,000
– Median sale price: $455,000
– Total homes sold: 1,879

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Naples, FL Metro Area

– Number 4 on Stacker's list
– Average sale-to-list ratio: 0.96
– Median list price: $799,450
– Median sale price: $580,000
– Total homes sold: 687

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West Palm Beach, FL Metro Area

– Number 2 on Stacker's list
– Average sale-to-list ratio: 0.96
– Median list price: $465,000
– Median sale price: $415,000
– Total homes sold: 1,907

Jen was born and raised in the Tampa Bay area. She’s been with Beasley Media Group since 2022. In her spare time, you can find her at Tampa Bay Lightning games, Tampa Bay breweries, or the beach. Catch up on Jen’s content about the highest-rated restaurants/bars in Tampa, things-to-do around the area, and upcoming concerts.