Is Florida City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Florida City was a Seller's Market.
Key Takeaway
Florida City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Florida City, FL
How much do homes in Florida City, FL cost?
Median Sold Price
$411,990
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Florida City have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Florida City was $411,990 in May 2024, up 17.7% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $370K | N/A |
| 2 Bedrooms | $345K | $304.2K | -11.8% |
| 3 Bedrooms | $348K | $406.9K | +17.0% |
| 4 Bedrooms | $347.5K | $429K | +23.5% |
| 5+ Bedrooms | $511K | $525.9K | +2.9% |
Summary: Florida City 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 decreased by 11.8%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Florida City | $350K | $411.9K | +17.7% |
| Homestead | $412.5K | $458.6K | +11.2% |
Housing Supply in Florida City, FL
How many homes are available in Florida City, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 133 | 135 | +1.5% |
Summary: The Florida City real estate market had 135 homes for sale in May 2024, a 1.5% increase 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 85 | 79 | -7.1% |
| 4 Bedrooms | 22 | 20 | -9.1% |
| 5+ Bedrooms | 21 | 30 | +42.9% |
Summary: The Florida City 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 increased by 20%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florida City, expect to pay close to the asking price. 63.2% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Florida City in May 2024, down by 17.4% month-over-month. Of the 19 sold homes, 37% were sold under asking, 63% were sold at asking, and 0% were sold over asking.
Days on Market for Florida City, FL
How long does it take to sell a home in Florida City, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 34 Days | -61.1% |
Summary: Homes in Florida City had an average of 34 days on market in May 2024, down by 61.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Florida City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Florida City; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.