Is Groveland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Groveland has remained a Seller's Market.
Key Takeaway
Groveland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Groveland, FL
How much do homes in Groveland, FL cost?
Median Sold Price
$385,377
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Groveland have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Groveland was $385,377 in May 2024, up 1.4% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $177.5K | N/A |
| 2 Bedrooms | $372.2K | $374.9K | +0.7% |
| 3 Bedrooms | $350K | $354.9K | +1.4% |
| 4 Bedrooms | $400K | $399.3K | -0.2% |
| 5+ Bedrooms | $465K | $485K | +4.3% |
Summary: Groveland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Mascotte | $311.5K | $333K | +6.9% |
| Clermont | $436.4K | $447.9K | +2.6% |
| Groveland | $380K | $385.3K | +1.4% |
| Groveland-Mascotte | $375K | $380.2K | +1.4% |
| Howey-in-the-Hills-Okahumpka | $331.3K | $328K | -1.0% |
Housing Supply in Groveland, FL
How many homes are available in Groveland, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 223 | 222 | -0.4% |
Summary: The Groveland real estate market had 222 homes for sale in May 2024, a 0.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 33 | 33 | 0.0% |
| 3 Bedrooms | 76 | 79 | +3.9% |
| 4 Bedrooms | 92 | 89 | -3.3% |
| 5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The Groveland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 38 | -22.4% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groveland, you may be able to get a good deal. 65.8% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Groveland in May 2024, down by 22.4% month-over-month. Of the 38 sold homes, 66% were sold under asking, 24% were sold at asking, and 11% were sold over asking.
Days on Market for Groveland, FL
How long does it take to sell a home in Groveland, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 57 Days | +8.2% |
Summary: Homes in Groveland had an average of 57 days on market in May 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Groveland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 38 homes were sold in Groveland; 47% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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