Is 34607, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34607 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 34607 was a Seller's Market.

Key Takeaway

34607 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 34607, FL

How much do homes in 34607, FL cost?

Median Sold Price

$515,000

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$35,000(+7.3%)

Key Takeaway

Homes in 34607 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 34607 was $515,000 in April 2024, up 7.3% from last year, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $580K-
N/A
2 $369.4K$414.5K
+12.2%
3 $477.5K$535K
+12.0%
4 $589K$579K
-1.7%
5+ $745K$739.5K
-0.7%

Summary: 34607 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 increased by 12.2%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

34607
+7.3%
34606
+2.0%
34667
-3.4%
34613
-3.5%

Housing Supply in 34607, FL

How many homes are available in 34607, FL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
203221+8.9%

Summary: The 34607 real estate market had 221 homes for sale in April 2024, a 8.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 5055
+10.0%
3 113123
+8.8%
4 2528
+12.0%
5+ 1313
0.0%

Summary: The 34607 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 10%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2336+56.5%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34607, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 34607 in April 2024, up by 56.5% month-over-month. Of the 36 sold homes, 64% were sold under asking, 31% were sold at asking, and 6% were sold over asking.

Days on Market for 34607, FL

How long does it take to sell a home in 34607, FL?

Average Sale Time

Apr 2023Apr 2024CHANGE
77 Days64 Days-17.1%

Summary: Homes in 34607 had an average of 64 days on market in Apr 2024, down by 17.1% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 34607 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 36 homes were sold in 34607; 42% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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