Is 33405, 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, 33405 was a Neutral Market.
Key Takeaway
33405 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 33405, FL
How much do homes in 33405, FL cost?
Median Sold Price
$800,000
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 33405 have sold for 25% more than they did a year ago.
Summary: The median home sold price in 33405 was $800,000 in March 2024, up 25% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258.7K | $300K | +15.9% |
| 2 Bedrooms | $502.5K | $694.5K | +38.2% |
| 3 Bedrooms | $482.5K | $635K | +31.6% |
| 4 Bedrooms | $1.6M | $1.4M | -13.2% |
| 5+ Bedrooms | $2.4M | $2.9M | +20.8% |
Summary: 33405 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 38.2%, 3 bedroom homes increased by 31.6%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 20.8%.
Housing Supply in 33405, FL
How many homes are available in 33405, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 197 | 208 | +5.6% |
Summary: The 33405 real estate market had 208 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 36 | 36 | 0.0% |
| 3 Bedrooms | 70 | 80 | +14.3% |
| 4 Bedrooms | 46 | 44 | -4.3% |
| 5+ Bedrooms | 36 | 37 | +2.8% |
Summary: The 33405 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 2.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Asking Price vs. Sold Price
16 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 33405, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 33405 in March 2024, down by 23.1% month-over-month. Of the 20 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for 33405, FL
How long does it take to sell a home in 33405, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 58 Days | 139 Days | +137.5% |
Summary: Homes in 33405 had an average of 139 days on market in Mar 2024, up by 137.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 33405 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 20 homes were sold in 33405; 30% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. This property is offered without respect to any protected classes in accordance with the law.
Information Deemed Reliable but not guaranteed. 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively 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 deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.