Is 32216, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 32216 was a Seller's Market.
Key Takeaway
32216 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 32216, FL
How much do homes in 32216, FL cost?
Median Sold Price
$275,550
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 32216 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 32216 was $275,550 in March 2024, up 5.7% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $175K | +6.1% |
| 2 Bedrooms | $230K | $226.7K | -1.4% |
| 3 Bedrooms | $278.6K | $284K | +1.9% |
| 4 Bedrooms | $360K | $389K | +8.1% |
| 5+ Bedrooms | $337K | $531.5K | +57.7% |
Summary: 32216 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 57.7%.
Housing Supply in 32216, FL
How many homes are available in 32216, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 160 | 186 | +16.3% |
Summary: The 32216 real estate market had 186 homes for sale in March 2024, a 16.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 44 | 54 | +22.7% |
| 3 Bedrooms | 76 | 91 | +19.7% |
| 4 Bedrooms | 30 | 28 | -6.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 32216 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 19.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 31 | +19.2% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32216, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 32216 in March 2024, up by 19.2% month-over-month. Of the 31 sold homes, 65% were sold under asking, 19% were sold at asking, and 16% were sold over asking.
Days on Market for 32216, FL
How long does it take to sell a home in 32216, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 47 Days | -37.5% |
Summary: Homes in 32216 had an average of 47 days on market in Mar 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32216 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in 32216; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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