Is College Park, 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, College Park has remained a Seller's Market.
Key Takeaway
College Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in College Park, FL
How much do homes in College Park, FL cost?
Median Sold Price
$573,550
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in College Park have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in College Park was $573,550 in May 2024, up 10.3% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $205K | +2.5% |
| 2 Bedrooms | $365K | $410K | +12.3% |
| 3 Bedrooms | $522.5K | $539.5K | +3.3% |
| 4 Bedrooms | $775K | $917.5K | +18.4% |
| 5+ Bedrooms | $968.1K | $1.2M | +23.9% |
Summary: College Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 23.9%.
Housing Supply in College Park, FL
How many homes are available in College Park, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 87 | 93 | +6.9% |
Summary: The College Park real estate market had 93 homes for sale in May 2024, a 6.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 41 | 45 | +9.8% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The College Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 28 | +55.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in College Park, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in College Park in May 2024, up by 55.6% month-over-month. Of the 28 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for College Park, FL
How long does it take to sell a home in College Park, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 73 Days | 34 Days | -53.0% |
Summary: Homes in College Park had an average of 34 days on market in May 2024, down by 53% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in College Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 28 homes were sold in College Park; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% 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.