Is Addison Reserve Country Club, 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, Addison Reserve Country Club has remained a Seller's Market.
Key Takeaway
Addison Reserve Country Club is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Addison Reserve Country Club, FL
How much do homes in Addison Reserve Country Club, FL cost?
Median Sold Price
$1,472,500
$435/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Addison Reserve Country Club have sold for 5% less than they did a year ago.
Summary: The median home sold price in Addison Reserve Country Club was $1,472,500 in April 2024, down 5% from last year, and the median price per square foot was $435.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $925K | - | N/A |
| 3 Bedrooms | $1.3M | $1.4M | +10.4% |
| 4 Bedrooms | $2.3M | $1.4M | -38.9% |
| 5+ Bedrooms | $3.1M | $1.7M | -43.5% |
Summary: Addison Reserve Country Club 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 did not change, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 38.9%, and 5+ bedroom homes decreased by 43.5%.
Housing Supply in Addison Reserve Country Club, FL
How many homes are available in Addison Reserve Country Club, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 19 | -26.9% |
Summary: The Addison Reserve Country Club real estate market had 19 homes for sale in April 2024, a 26.9% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Addison Reserve Country Club 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 remained the same, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Addison Reserve Country Club, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Addison Reserve Country Club in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Addison Reserve Country Club, FL
How long does it take to sell a home in Addison Reserve Country Club, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 110 Days | +98.2% |
Summary: Homes in Addison Reserve Country Club had an average of 110 days on market in Apr 2024, up by 98.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Addison Reserve Country Club are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Addison Reserve Country Club; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
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