Is 32640, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 32640 has remained a Seller's Market.
Key Takeaway
32640 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 32640, FL
How much do homes in 32640, FL cost?
Median Sold Price
$225,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 32640 have sold for 13.5% less than they did a year ago.
Summary: The median home sold price in 32640 was $225,000 in March 2024, down 13.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.5K | $231K | -10.3% |
| 2 Bedrooms | $220K | $171.5K | -22.0% |
| 3 Bedrooms | $267.5K | $220K | -17.8% |
| 4 Bedrooms | $403K | $339K | -15.9% |
| 5+ Bedrooms | $666.2K | $392.2K | -41.1% |
Summary: 32640 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes decreased by 22%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 41.1%.
Housing Supply in 32640, FL
How many homes are available in 32640, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 82 | -2.4% |
Summary: The 32640 real estate market had 82 homes for sale in March 2024, a 2.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 50 | 45 | -10.0% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 32640 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 22 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32640, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 32640 in March 2024, up by 100.0% month-over-month. Of the 22 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for 32640, FL
How long does it take to sell a home in 32640, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 60 Days | +50.6% |
Summary: Homes in 32640 had an average of 60 days on market in Mar 2024, up by 50.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32640 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in 32640; 45% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.