Is 34240, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 34240 has remained a Seller's Market.
Key Takeaway
34240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 34240, FL
How much do homes in 34240, FL cost?
Median Sold Price
$814,500
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 34240 have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in 34240 was $814,500 in April 2024, up 4.4% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $837.5K | - | N/A |
| 2 Bedrooms | $672.8K | $588.4K | -12.5% |
| 3 Bedrooms | $711.5K | $740.6K | +4.1% |
| 4 Bedrooms | $852.3K | $934.1K | +9.6% |
| 5+ Bedrooms | $929K | $1.2M | +30.7% |
Summary: 34240 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 30.7%.
Housing Supply in 34240, FL
How many homes are available in 34240, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 167 | 157 | -6.0% |
Summary: The 34240 real estate market had 157 homes for sale in April 2024, a 6.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 88 | 82 | -6.8% |
| 4 Bedrooms | 53 | 51 | -3.8% |
| 5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The 34240 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 increased by 15.4%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 34240, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 34240 in April 2024, down by 13.5% month-over-month. Of the 32 sold homes, 75% were sold under asking, 22% were sold at asking, and 3% were sold over asking.
Days on Market for 34240, FL
How long does it take to sell a home in 34240, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 44 Days | -4.9% |
Summary: Homes in 34240 had an average of 44 days on market in Apr 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34240 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in 34240; 66% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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