Is 34114, 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, 34114 was a Neutral Market.
Key Takeaway
34114 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34114, FL
How much do homes in 34114, FL cost?
Median Sold Price
$682,500
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 34114 have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in 34114 was $682,500 in March 2024, up 9.2% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $236.2K | +96.9% |
| 2 Bedrooms | $440K | $484.6K | +10.2% |
| 3 Bedrooms | $737.5K | $779.5K | +5.7% |
| 4 Bedrooms | $1.1M | $1.2M | +4.3% |
| 5+ Bedrooms | $1.5M | $867.5K | -43.7% |
Summary: 34114 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 43.7%.
Housing Supply in 34114, FL
How many homes are available in 34114, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 555 | 588 | +5.9% |
Summary: The 34114 real estate market had 588 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 171 | 178 | +4.1% |
| 3 Bedrooms | 303 | 321 | +5.9% |
| 4 Bedrooms | 75 | 82 | +9.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 34114 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 55 | -5.2% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 34114, you may be able to get a good deal. 83.6% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in 34114 in March 2024, down by 5.2% month-over-month. Of the 55 sold homes, 84% were sold under asking, 15% were sold at asking, and 2% were sold over asking.
Days on Market for 34114, FL
How long does it take to sell a home in 34114, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 71 Days | +45.2% |
Summary: Homes in 34114 had an average of 71 days on market in Mar 2024, up by 45.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 34114 has remained consistent over time.
Summary: During March 2024, 55 homes were sold in 34114; 27% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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