Is Biltmore, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Biltmore was a Seller's Market.
Housing Prices in Biltmore, FL
How much do homes in Biltmore, FL cost?
Median Sold Price
$1,775,000
$774/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Biltmore was $1,775,000 in April 2024, down 16.7% from last year, and the median price per square foot was $774.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.1M | $1.1M | +4.1% |
3 Bedrooms | $1.4M | $1.5M | +4.4% |
4 Bedrooms | $2.5M | $1.9M | -24.0% |
5+ Bedrooms | $3.7M | $3.5M | -3.6% |
Summary: Biltmore 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 4.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Neighborhoods
Douglas Park | $551.3K | $672.5K | +22.0% |
Coral Gables Riviera | $1.4M | $1.5M | +9.5% |
Granada | $1.4M | $1.5M | +5.8% |
Coral Gables Granada | $1.2M | $1.2M | -1.4% |
Biltmore | $2.1M | $1.7M | -16.7% |
Housing Supply in Biltmore, FL
How many homes are available in Biltmore, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 26 | -3.7% |
Summary: The Biltmore real estate market had 26 homes for sale in April 2024, a 3.7% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Biltmore 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 increased by 22.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Biltmore in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Biltmore, FL
How long does it take to sell a home in Biltmore, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
97 Days | 100 Days | +3.8% |
Summary: Homes in Biltmore had an average of 100 days on market in Apr 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Biltmore; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.