Pelican Bay, FL housing market

The median sale price in Pelican Bay, FL was $2.15M in May 2026, up 38.7% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $1.92M, firming from $1.65M across the three months before that. That puts prices 22.2% below the strongest three-month stretch on record here, which ended in Jan 2025 at $2.46M.

Buyers had 157 homes to choose from in May 2026, down 24.9% year over year (Redfin). At the current sales pace that standing inventory works out to 5.8 months of supply; convention treats four to six months as a balanced market, which puts Pelican Bay, FL squarely inside it. 25 homes came to market in May 2026, up 177.8% year over year, against 27 closings, down 30.8% year over year. Homes that sold in May 2026 took a median of 88 days to go under contract, 13 days slower than this market's usual May pace.

Competition is measurable in the closings themselves: 11% settled above asking, and the average sale landed at 94% of its final list price. 17% of listings carried a price cut in May 2026.

This page tracks 9 monthly housing series for Pelican Bay, FL — median sale price, inventory (active), median days on market, months of supply, homes sold, new listings, and more — sourced from Redfin, running from Aug 2016 through May 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.