Is 34116, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 34116 was a Neutral Market.
Key Takeaway
34116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 34116, FL
How much do homes in 34116, FL cost?
Median Sold Price
$529,500
$325/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 34116 have sold for 18.7% more than they did a month ago.
Summary: The median home sold price in 34116 was $529,500 in April 2024, up 18.7% from last month, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $230K | +2.2% |
| 3 Bedrooms | $442.5K | $520K | +17.5% |
| 4 Bedrooms | $831.9K | $592.5K | -28.8% |
| 5+ Bedrooms | $1.2M | $647.5K | -47.6% |
Summary: 34116 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 28.8%, and 5+ bedroom homes decreased by 47.6%.
Housing Supply in 34116, FL
How many homes are available in 34116, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 166 | 154 | -7.2% |
Summary: The 34116 real estate market had 154 homes for sale in April 2024, a 7.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 48 | 41 | -14.6% |
| 3 Bedrooms | 77 | 73 | -5.2% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 34116 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.6%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34116, you may be able to get a good deal. 73.1% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 34116 in April 2024, up by 4.0% month-over-month. Of the 26 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% were sold over asking.
Days on Market for 34116, FL
How long does it take to sell a home in 34116, FL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 54 Days | +11.8% |
Summary: Homes in 34116 had an average of 54 days on market in Apr 2024, up by 11.8% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 34116 has remained consistent over time.
Summary: During April 2024, 26 homes were sold in 34116; 35% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 12% 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.
© 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.