Is 34108, 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, 34108 has remained a Buyer's Market.
Key Takeaway
34108 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34108, FL
How much do homes in 34108, FL cost?
Median Sold Price
$1,178,000
$686/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 34108 have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in 34108 was $1,178,000 in March 2024, down 5.8% from last year, and the median price per square foot was $686.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $565K | $520K | -8.0% |
| 2 Bedrooms | $975K | $900K | -7.7% |
| 3 Bedrooms | $1.1M | $1.1M | +4.3% |
| 4 Bedrooms | $3.4M | $1.9M | -42.6% |
| 5+ Bedrooms | $2.1M | $5.7M | +173.7% |
Summary: 34108 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 42.6%, and 5+ bedroom homes increased by 173.7%.
Median Sold Price Compared To Nearby Zip Codes
| 34109 | $480.5K | $714K | +48.6% |
| 34103 | $1.0M | $1.3M | +31.6% |
| 34134 | $643.8K | $821.2K | +27.6% |
| 34110 | $520K | $654.7K | +25.9% |
| 34108 | $1.2M | $1.1M | -5.8% |
Housing Supply in 34108, FL
How many homes are available in 34108, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 666 | 706 | +6.0% |
Summary: The 34108 real estate market had 706 homes for sale in March 2024, a 6.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 211 | 218 | +3.3% |
| 3 Bedrooms | 271 | 294 | +8.5% |
| 4 Bedrooms | 97 | 102 | +5.2% |
| 5+ Bedrooms | 73 | 78 | +6.8% |
Summary: The 34108 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 3.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 71 | +73.2% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34108, you may be able to get a good deal. 85.9% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in 34108 in March 2024, up by 73.2% month-over-month. Of the 71 sold homes, 86% were sold under asking, 10% were sold at asking, and 4% were sold over asking.
Days on Market for 34108, FL
How long does it take to sell a home in 34108, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 85 Days | +77.1% |
Summary: Homes in 34108 had an average of 85 days on market in Mar 2024, up by 77.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 34108 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 71 homes were sold in 34108; 32% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
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