Is Metro West, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Metro West was a Seller's Market.
Housing Prices in Metro West, FL
How much do homes in Metro West, FL cost?
Median Sold Price
$235,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Metro West was $235,000 in April 2024, up 2.2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $157K | $165K | +5.1% |
2 Bedrooms | $205K | $211K | +2.9% |
3 Bedrooms | $305K | $319K | +4.6% |
4 Bedrooms | $510K | $575K | +12.7% |
5+ Bedrooms | $700K | $815K | +16.4% |
Summary: Metro West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in Metro West, FL
How many homes are available in Metro West, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
178 | 186 | +4.5% |
Summary: The Metro West real estate market had 186 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 24 | -20.0% |
2 Bedrooms | 69 | 86 | +24.6% |
3 Bedrooms | 65 | 63 | -3.1% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Metro West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 24.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 26 | -13.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Metro West in April 2024, down by 13.3% month-over-month. Of the 26 sold homes, 81% were sold under asking, 12% were sold at asking, and 8% were sold over asking.
Days on Market for Metro West, FL
How long does it take to sell a home in Metro West, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 48 Days | +16.0% |
Summary: Homes in Metro West had an average of 48 days on market in Apr 2024, up by 16% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Metro West; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.