The Spanish Wells housing market is not very competitive. The median sale price of a home in Spanish Wells was $563K last month, down 23.0% since last year. The median sale price per square foot in Spanish Wells is $312, down 8.8% since last year.
What is the housing market like in Spanish Wells today?
In March 2024, Spanish Wells home prices were down 23.0% compared to last year, selling for a median price of $563K. On average, homes in Spanish Wells sell after 77 days on the market compared to 19 days last year. There were 16 homes sold in March this year, down from 18 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$562,500
-23.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Spanish Wells, FL
$562,500
-23.0%
United States
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How hot is the Spanish Wells housing market?
Spanish Wells is not very competitive. Homes sell in 60 days.
0
100
26
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Multiple offers are rare.
The average homes sell for about 8% below list price and go pending in around 60 days.
Hot homes
can sell for about 3% below list price and go pending in around 21 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Spanish Wells housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Spanish Wells.
Risk Factor
Flood Factor - Major
99% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Spanish Wells has a major risk of flooding. 71 properties in Spanish Wells are likely to be
severely affected
by flooding over the next 30 years. This represents 99% of all properties in Spanish Wells. Flood risk is increasing faster than the national average.
54% of properties are at risk of wildfire over the next 30 years
Fire Factor
Spanish Wells has a moderate risk of wildfire. There are 575 properties in Spanish Wells that have some risk of being affected by wildfire over the next 30 years. This represents 54% of all properties in Spanish Wells.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Spanish Wells has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Spanish Wells is most at risk from hurricanes. 1,057 properties in Spanish Wells have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 169 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 179 mph.