Is 32407, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 32407 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 32407 was a Neutral Market.

Key Takeaway

32407 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 32407, FL

How much do homes in 32407, FL cost?

Median Sold Price

$456,266

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$36,980(+8.8%)

Key Takeaway

Homes in 32407 have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in 32407 was $456,266 in February 2024, up 8.8% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $350K$332.5K
-5.0%
2 $365K$365.6K
0.2%
3 $410K$435K
+6.1%
4 $588.4K$605.1K
+2.8%
5+ $664.1K$690K
+3.9%

Summary: 32407 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Zip Codes

32413
+14.7%
32407
+8.8%
32408
+1.2%

Housing Supply in 32407, FL

How many homes are available in 32407, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
446503+12.8%

Summary: The 32407 real estate market had 503 homes for sale in February 2024, a 12.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 4444
0.0%
2 165181
+9.7%
3 155180
+16.1%
4 6477
+20.3%
5+ 1821
+16.7%

Summary: The 32407 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2549+96.0%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 32407, you may be able to get a good deal. 67.3% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 32407 in February 2024, up by 96.0% month-over-month. Of the 49 sold homes, 67% were sold under asking, 27% were sold at asking, and 6% were sold over asking.

Days on Market for 32407, FL

How long does it take to sell a home in 32407, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
78 Days63 Days-19.4%

Summary: Homes in 32407 had an average of 63 days on market in Feb 2024, down by 19.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 32407 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 49 homes were sold in 32407; 39% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 24% 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 27 Days Ago

Newest Listings in 32407, FL

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