Is 34698, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34698 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 34698 has remained a Seller's Market.

Key Takeaway

34698 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 34698, FL

How much do homes in 34698, FL cost?

Median Sold Price

$431,249

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$4,280(+1.0%)

Key Takeaway

Homes in 34698 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 34698 was $431,249 in February 2024, up 1% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $180.2K$167.5K
-7.1%
2 $293K$320K
+9.2%
3 $524.5K$560K
+6.8%
4 $660K$695.5K
+5.4%
5+ $955K$942.5K
-1.3%

Summary: 34698 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Zip Codes

34683
+8.9%
33761
+8.1%
34684
+6.2%
34698
+1.0%
33763
-4.9%

Housing Supply in 34698, FL

How many homes are available in 34698, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
345410+18.8%

Summary: The 34698 real estate market had 410 homes for sale in February 2024, a 18.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 3445
+32.4%
2 182206
+13.2%
3 88104
+18.2%
4 3142
+35.5%
5+ 1013
+30.0%

Summary: The 34698 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 32.4%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 35.5%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3577+120.0%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34698, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 77 homes were sold or pending in 34698 in February 2024, up by 120.0% month-over-month. Of the 77 sold homes, 73% were sold under asking, 13% were sold at asking, and 14% were sold over asking.

Days on Market for 34698, FL

How long does it take to sell a home in 34698, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
42 Days41 Days-3.4%

Summary: Homes in 34698 had an average of 41 days on market in Feb 2024, down by 3.4% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 34698 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 77 homes were sold in 34698; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% 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 27 Days Ago

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