Is Myakka City, 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, Myakka City has remained a Seller's Market.
Key Takeaway
Myakka City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Myakka City, FL
How much do homes in Myakka City, FL cost?
Median Sold Price
$626,136
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Myakka City has remained the same since last year.
Summary: The median home sold price in Myakka City was $626,136 in May 2024, up 0.2% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $230K | 0.0% |
| 2 Bedrooms | $456.3K | $449.5K | -1.5% |
| 3 Bedrooms | $620.2K | $620K | 0% |
| 4 Bedrooms | $783.4K | $700.4K | -10.6% |
| 5+ Bedrooms | $922.1K | $809.3K | -12.2% |
Summary: Myakka 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 1.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 12.2%.
Housing Supply in Myakka City, FL
How many homes are available in Myakka City, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,547 | 1,580 | +2.1% |
Summary: The Myakka City real estate market had 1,580 homes for sale in May 2024, a 2.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 278 | 294 | +5.8% |
| 3 Bedrooms | 718 | 713 | -0.7% |
| 4 Bedrooms | 443 | 459 | +3.6% |
| 5+ Bedrooms | 104 | 111 | +6.7% |
Summary: The Myakka City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 239 | 275 | +15.1% |
Asking Price vs. Sold Price
173 Homes Were Sold
Under Asking
94 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Myakka City, you may be able to get a good deal. 62.9% of homes here sold below asking price last month.
Summary: A total of 275 homes were sold or pending in Myakka City in May 2024, up by 15.1% month-over-month. Of the 275 sold homes, 63% were sold under asking, 34% were sold at asking, and 3% were sold over asking.
Days on Market for Myakka City, FL
How long does it take to sell a home in Myakka City, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 66 Days | +33.3% |
Summary: Homes in Myakka City had an average of 66 days on market in May 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
107 Homes Were Sold
Under 30 Days
95 Homes Were Sold
In 30 - 90 Days
73 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Myakka City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 275 homes were sold in Myakka City; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is 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. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
© 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.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.