Is Sebring, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sebring is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Sebring was a Seller's Market.

Key Takeaway

Sebring is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sebring, FL

How much do homes in Sebring, FL cost?

Median Sold Price

$285,000

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$35,100(+14.0%)

Key Takeaway

Homes in Sebring have sold for 14% more than they did a year ago.

Summary: The median home sold price in Sebring was $285,000 in May 2024, up 14% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $37K-
N/A
2 $191.7K$216.4K
+12.9%
3 $269.9K$285K
+5.6%
4 $306.9K$352.4K
+14.8%
5+ $749.9K$404.9K
-46.0%

Summary: Sebring 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 12.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 46%.

Housing Supply in Sebring, FL

How many homes are available in Sebring, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
172198+15.1%

Summary: The Sebring real estate market had 198 homes for sale in May 2024, a 15.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 2021
+5.0%
3 112130
+16.1%
4 3541
+17.1%
5+ 44
0.0%

Summary: The Sebring housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
3314-57.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sebring, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Sebring in May 2024, down by 57.6% month-over-month. Of the 14 sold homes, 50% were sold under asking, 43% were sold at asking, and 7% were sold over asking.

Days on Market for Sebring, FL

How long does it take to sell a home in Sebring, FL?

Average Sale Time

May 2023May 2024CHANGE
56 Days35 Days-37.8%

Summary: Homes in Sebring had an average of 35 days on market in May 2024, down by 37.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sebring are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 14 homes were sold in Sebring; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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