Is 33131, 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, 33131 was a Seller's Market.
Key Takeaway
33131 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 33131, FL
How much do homes in 33131, FL cost?
Median Sold Price
$664,333
$663/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 33131 have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in 33131 was $664,333 in March 2024, up 5.7% from last year, and the median price per square foot was $663.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $491K | $500K | +1.8% |
| 2 Bedrooms | $720K | $799.7K | +11.1% |
| 3 Bedrooms | $1.3M | $1.3M | -4.7% |
| 4 Bedrooms | $2.7M | $3.7M | +33.6% |
| 5+ Bedrooms | $4.4M | $3.5M | -20.2% |
Summary: 33131 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 33.6%, and 5+ bedroom homes decreased by 20.2%.
Housing Supply in 33131, FL
How many homes are available in 33131, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 653 | 707 | +8.3% |
Summary: The 33131 real estate market had 707 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 225 | 248 | +10.2% |
| 2 Bedrooms | 294 | 320 | +8.8% |
| 3 Bedrooms | 103 | 106 | +2.9% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 33131 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 43 | +10.3% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 33131, you may be able to get a good deal. 90.7% of homes here sold below asking price last month.
Summary: A total of 43 homes were sold or pending in 33131 in March 2024, up by 10.3% month-over-month. Of the 43 sold homes, 91% were sold under asking, 5% were sold at asking, and 5% were sold over asking.
Days on Market for 33131, FL
How long does it take to sell a home in 33131, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 90 Days | 94 Days | +3.8% |
Summary: Homes in 33131 had an average of 94 days on market in Mar 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 33131 has remained consistent over time.
Summary: During March 2024, 43 homes were sold in 33131; 21% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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