Is 34788, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34788 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 34788 was a Seller's Market.

Key Takeaway

34788 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34788, FL

How much do homes in 34788, FL cost?

Median Sold Price

$314,933

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$26,266(+9.1%)

Key Takeaway

Homes in 34788 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 34788 was $314,933 in February 2024, up 9.1% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $156K$72K
-53.8%
2 $215K$195K
-9.3%
3 $305.3K$305K
-0.1%
4 $375K$365.9K
-2.4%
5+ $460K$383K
-16.7%

Summary: 34788 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.8%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 16.7%.

Median Sold Price Compared To Nearby Zip Codes

34788
+9.1%
32726
-2.3%
32735
-8.0%
32159
-9.4%
32778
-10.5%

Housing Supply in 34788, FL

How many homes are available in 34788, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
123120-2.4%

Summary: The 34788 real estate market had 120 homes for sale in February 2024, a 2.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 4551
+13.3%
3 6155
-9.8%
4 1211
-8.3%
5+ 42
-50.0%

Summary: The 34788 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34788, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 34788 in February 2024, down by 22.2% month-over-month. Of the 14 sold homes, 57% were sold under asking, 36% were sold at asking, and 7% were sold over asking.

Days on Market for 34788, FL

How long does it take to sell a home in 34788, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
44 Days53 Days+21.2%

Summary: Homes in 34788 had an average of 53 days on market in Feb 2024, up by 21.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 34788 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 14 homes were sold in 34788; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 28 Days Ago

Newest Listings in 34788, FL

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