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 August 2022
At the same time last year, Cedar Key-Yankeetown was a Buyer's Market.
Key Takeaway
Cedar Key-Yankeetown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Cedar Key-Yankeetown, FL cost?
Median Sold Price
$250,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Cedar Key-Yankeetown have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Cedar Key-Yankeetown was $250,500 in August 2023, down 7.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $147.4K | +40.4% |
| 2 Bedrooms | $260.5K | $237.9K | -8.7% |
| 3 Bedrooms | $286.9K | $275K | -4.1% |
| 4 Bedrooms | $264.9K | $277.5K | +4.8% |
| 5+ Bedrooms | - | $445K | N/A |
Summary: Cedar Key-Yankeetown housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 40.4%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Williston-Bronson | $240K | $247K | +2.9% |
| Cedar Key-Yankeetown | $270K | $250.5K | -7.2% |
Housing Supply
How many homes are available in Cedar Key-Yankeetown, FL?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The Cedar Key-Yankeetown real estate market had 34 homes for sale in August 2023, a 3.0% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 12 | 17 | +41.7% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cedar Key-Yankeetown housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 41.7%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Key-Yankeetown, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Cedar Key-Yankeetown in August 2023, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market
How long does it take to sell a home in Cedar Key-Yankeetown, FL?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Key-Yankeetown are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 7 homes were sold in Cedar Key-Yankeetown; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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