Is Cedar Key-Yankeetown, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cedar Key-Yankeetown has remained a Neutral Market.
Key Takeaway
Cedar Key-Yankeetown 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 Cedar Key-Yankeetown, FL
How much do homes in Cedar Key-Yankeetown, FL cost?
Median Sold Price
$243,975
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cedar Key-Yankeetown have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in Cedar Key-Yankeetown was $243,975 in March 2024, down 8.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.4K | $145K | +13.8% |
| 2 Bedrooms | $270K | $229.9K | -14.9% |
| 3 Bedrooms | $275K | $289.9K | +5.4% |
| 4 Bedrooms | $264.9K | $267.5K | +1.0% |
| 5+ Bedrooms | $445K | $274K | -38.4% |
Summary: Cedar Key-Yankeetown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes decreased by 14.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 38.4%.
Median Sold Price Compared To Nearby Cities
| Williston-Bronson | $253.4K | $240K | -5.3% |
| Cedar Key-Yankeetown | $267.4K | $243.9K | -8.8% |
| Morriston | $405K | $250K | -38.3% |
Housing Supply in Cedar Key-Yankeetown, FL
How many homes are available in Cedar Key-Yankeetown, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The Cedar Key-Yankeetown real estate market had 34 homes for sale in March 2024, a 5.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cedar Key-Yankeetown housing inventory by bedroom type for March 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 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Key-Yankeetown, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cedar Key-Yankeetown in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Cedar Key-Yankeetown, FL
How long does it take to sell a home in Cedar Key-Yankeetown, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 46 Days | +565.7% |
Summary: Homes in Cedar Key-Yankeetown had an average of 46 days on market in Mar 2024, up by 565.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cedar Key-Yankeetown has remained consistent over time.
Summary: During March 2024, 5 homes were sold in Cedar Key-Yankeetown; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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