Is 32218, 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, 32218 has remained a Seller's Market.
Key Takeaway
32218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 32218, FL
How much do homes in 32218, FL cost?
Median Sold Price
$306,174
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 32218 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 32218 was $306,174 in May 2024, up 3.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230.2K | $193K | -16.2% |
| 3 Bedrooms | $270.2K | $275K | +1.8% |
| 4 Bedrooms | $360K | $348.6K | -3.2% |
| 5+ Bedrooms | $450K | $389.9K | -13.3% |
Summary: 32218 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 16.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 13.3%.
Housing Supply in 32218, FL
How many homes are available in 32218, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 404 | 416 | +3.0% |
Summary: The 32218 real estate market had 416 homes for sale in May 2024, a 3.0% 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 | 22 | 24 | +9.1% |
| 3 Bedrooms | 211 | 208 | -1.4% |
| 4 Bedrooms | 144 | 158 | +9.7% |
| 5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The 32218 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 9.1%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 69 | 79 | +14.5% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32218, you may be able to get a good deal. 62% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in 32218 in May 2024, up by 14.5% month-over-month. Of the 79 sold homes, 62% were sold under asking, 27% were sold at asking, and 11% were sold over asking.
Days on Market for 32218, FL
How long does it take to sell a home in 32218, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 68 Days | 68 Days | -0.6% |
Summary: Homes in 32218 had an average of 68 days on market in May 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32218 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 79 homes were sold in 32218; 39% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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