Is Seminole County, 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, Seminole County has remained a Seller's Market.
Housing Prices in Seminole County, FL
How much do homes in Seminole County, FL cost?
Median Sold Price
$400,032
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Seminole County was $400,032 in May 2024, up 4.1% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | $150K | +2.0% |
2 Bedrooms | $234.6K | $245K | +4.4% |
3 Bedrooms | $358.5K | $373.1K | +4.1% |
4 Bedrooms | $500.9K | $516.6K | +3.1% |
5+ Bedrooms | $749.2K | $760K | +1.4% |
Summary: Seminole County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Counties
Orange County | $395.3K | $417.8K | +5.7% |
Seminole County | $384.3K | $400K | +4.1% |
Volusia County | $335.8K | $349.5K | +4.1% |
Lake County | $369.9K | $370.3K | 0.1% |
Housing Supply in Seminole County, FL
How many homes are available in Seminole County, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,027 | 2,081 | +2.7% |
Summary: The Seminole County real estate market had 2,081 homes for sale in May 2024, a 2.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 106 | 121 | +14.2% |
2 Bedrooms | 299 | 340 | +13.7% |
3 Bedrooms | 812 | 802 | -1.2% |
4 Bedrooms | 630 | 638 | +1.3% |
5+ Bedrooms | 180 | 180 | 0.0% |
Summary: The Seminole County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
464 | 489 | +5.4% |
Asking Price vs. Sold Price
277 Homes Were Sold
Under Asking
124 Homes Were Sold
At Asking
88 Homes Were Sold
Over Asking
Summary: A total of 489 homes were sold or pending in Seminole County in May 2024, up by 5.4% month-over-month. Of the 489 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% were sold over asking.
Days on Market for Seminole County, FL
How long does it take to sell a home in Seminole County, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 39 Days | +49.9% |
Summary: Homes in Seminole County had an average of 39 days on market in May 2024, up by 49.9% compared to last year.
Breakdown of Home Sale Times
291 Homes Were Sold
Under 30 Days
140 Homes Were Sold
In 30 - 90 Days
58 Homes Were Sold
Over 90 Days
Summary: During May 2024, 489 homes were sold in Seminole County; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.