Florida Housing Market Predictions 2025

So, you’re tossing around the idea of packing up your bags and moving to Florida.

If you’re thinking about moving to the home of Disney World, the Daytona 500 and a 200-foot alligator named Swampy (yep, that’s a real thing), you’re probably wondering about the Florida housing market. Well, you’re in luck! We dug into the latest news on the housing market in Florida to give you a heads-up on what to expect in the Sunshine State.

Now, the best way to learn about Florida’s market is to talk to a real estate agent who actually lives in Florida (you can find one through our RamseyTrusted^® program), but these numbers and predictions will give you a good idea of what to look out for.

Ready to dive in? Let’s go!

What’s the Florida Housing Market Like?

Housing prices in Florida decreased across the board in 2024—though not by a whole lot.

Here’s a look at Florida’s numbers for single-family homes from Q4 2024 compared to Q4 2023:

Florida Housing Market	November 2024	November 2023	Percent Change
Median Sale Price	$410,700	$413,000	-0.6%
Inventory (Active Listings)	100,788	79,399	+26.9%
Closed Sales	17,095	17,722	-3.5%
Median Time to Sale	90 days	72 days	+25%1
Average Mortgage Rate (15-Year Fixed)	6.03%	6.77%	-7.01%2

Florida Housing Market in Major Cities

Sometimes, looking at an entire state’s housing situation doesn’t paint a complete picture of what it’s like in individual cities. So here’s a look at some housing market numbers in three of Florida’s biggest cities: Orlando, Tampa and Jacksonville.

	Orlando	Tampa	Jacksonville
Median Sale Price	$442,500	$410,000	$401,400
Year-Over-Year % Change	1.4%	-1.2%	2.9%3

How Does Florida Compare to the National Housing Market?

Now, let’s see how Florida’s real estate market compares to the U.S. as a whole. At the national level, the median home sale price is $420,400.⁴ As we saw earlier, Florida’s median sale price is a bit less expensive at $410,700—2.31% lower than the typical national price.

Florida Housing Market Predictions for 2025

We’ve looked at the numbers, so now let’s turn our attention to what some real estate gurus are predicting about Florida housing heading into 2025.

1. Inventory will continue increasing.

Let’s throw it back to high school economics for just a second. You may remember that when supply decreases and demand stays the same, prices go up. Well, that’s exactly what’s happened in the real estate market across the U.S. over the past few years.

Home prices have shot through the roof mostly because there just aren’t enough houses on the market. And while housing inventory is on the uptick across the country, the increase isn’t happening fast enough to lower prices in most places.

There’s at least one exception, though: Florida. Housing inventory in the Florida real estate market increased enough in 2024 to make prices fall, and that trend could continue into 2025. Just ask Brad O’Connor, the chief economist at Florida Realtors.

“It’s definitely been a sizable increase over the last couple of years in inventory, and that sets us apart from other states,” he said in a recent Wall Street Journal article. “We could see some price deterioration in some areas.”⁵

While a continued increase in inventory will make life more difficult for sellers, it’s a great development for buyers.

2. High insurance premiums will limit demand.

High house prices and interest rates aren’t the only things making homeownership in Florida expensive—the cost of homeowners insurance has also skyrocketed. In just the last five years, homeowners insurance premiums in Florida have increased as much as 400%.⁶

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That’s crazy! And it’s making homeownership way too pricey for a lot of folks, especially in areas prone to hurricanes—one of the biggest reasons for the steep increase.

As a result, demand in the Florida housing market could decrease—which would lead to prices going down further. With the potential of rising inventory and declining demand, 2025 should be a great time to buy a house in Florida if you’re financially ready (more on that later).

3. Interest rates will remain steady.

After two straight years of going up significantly, mortgage interest rates finally began to fall at the end of 2023 and into 2024. To put some numbers to it, the typical rate for a 30-year fixed-rate mortgage peaked at 7.79% in October 2023 but hit a low point of 6.08% in September 2024.⁷

So, will rates continue falling in 2025? Maybe, but probably not by much. At least that’s what National Association of REALTORS^® (NAR) chief economist Lawrence Yun believes. He projects that 30-year mortgage rates will stabilize around the 6% mark in 2025 and into 2026.⁸

What does that mean for you? Basically, there’s no point in waiting around for interest rates to go down. If you’re ready to buy, go ahead and get the ball rolling.

Will the Housing Market Crash in Florida?

If you’re wondering whether a housing crash is on the horizon in Florida (or anywhere else in the U.S.), you can take a deep breath. Home prices aren’t going to drop substantially in 2025—they’re actually more likely to go up.

Both Freddie Mac and NAR predict home prices across the U.S. will grow in 2025. Freddie Mac expects a 0.6% bump, while NAR expects as much as 2%.^9,10

So, don’t wait around for home prices to come down drastically—it’s not happening.

Is It a Good Time to Buy or Sell a House in Florida in 2025?

All right, we’ve looked at a whole lot of stats, trends and predictions for the Florida real estate market. As we wrap up, you probably have one important question on your mind: Should I buy or sell in Florida this year? Let’s talk about it.

Based on the market, 2025 should be a great time to buy a house in Florida. Like we talked about earlier, increasing inventory and decreasing prices should give buyers a pretty good boost. On the other hand, sellers may find the market a bit trickier to navigate.

But here’s the deal: You shouldn’t let the housing market control your decision on whether to buy or sell right now. It’s important to understand real estate trends so you have some context, but you should base your decision on your individual situation.

For example, if you’re buying a house, you need to make sure you’re financially prepared. That means you’re debt-free, you have a fully funded emergency fund with 3–6 months of expenses, and you’ve saved up enough cash to make a down payment of at least 5–10%. (By the way, a 20% down payment is best because it means you won’t have to pay for private mortgage insurance.)

And if you’re selling a house, you need to make sure you can afford the move and that doing so won’t hurt your financial situation. It also wouldn’t be a bad idea to line up a new place to live—though you never want to buy a new house before selling your old one.

Bottom line: You are in control of whether it’s a good time to buy or sell a house in Florida—not the market.