Is 33616, 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, 33616 has remained a Seller's Market.
Key Takeaway
33616 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 33616, FL
How much do homes in 33616, FL cost?
Median Sold Price
$495,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 33616 have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in 33616 was $495,000 in March 2024, up 8.6% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $364K | $315K | -13.5% |
| 3 Bedrooms | $430.4K | $430K | -0.1% |
| 4 Bedrooms | $616.2K | $643.9K | +4.5% |
| 5+ Bedrooms | $700K | $753.8K | +7.7% |
Summary: 33616 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Zip Codes
| 33611 | $469.5K | $518.1K | +10.4% |
| 33616 | $456K | $495K | +8.6% |
Housing Supply in 33616, FL
How many homes are available in 33616, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 109 | 107 | -1.8% |
Summary: The 33616 real estate market had 107 homes for sale in March 2024, a 1.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 62 | 64 | +3.2% |
| 4 Bedrooms | 33 | 28 | -15.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 33616 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 11.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 33616, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 33616 in March 2024, up by 3.8% month-over-month. Of the 27 sold homes, 59% were sold under asking, 26% were sold at asking, and 15% were sold over asking.
Days on Market for 33616, FL
How long does it take to sell a home in 33616, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 36 Days | -30.9% |
Summary: Homes in 33616 had an average of 36 days on market in Mar 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 33616 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in 33616; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.