Is Central Business District, 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, Central Business District was a Seller's Market.
Key Takeaway
Central Business District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Business District, FL
How much do homes in Central Business District, FL cost?
Median Sold Price
$625,000
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Central Business District have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Central Business District was $625,000 in April 2024, down 6.7% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107K | $252.5K | +136.0% |
| 2 Bedrooms | $540K | $475K | -12.0% |
| 3 Bedrooms | $699K | $755K | +8.0% |
| 4 Bedrooms | $637K | $990K | +55.4% |
| 5+ Bedrooms | $950K | $2.5M | +163.2% |
Summary: Central Business District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 55.4%, and 5+ bedroom homes increased by 163.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Hollywood Lakes | $660K | $750K | +13.6% |
| Royal Poinciana | $320K | $340K | +6.3% |
| Park Side | $265K | $255K | -3.8% |
| Central Business District | $670K | $625K | -6.7% |
Housing Supply in Central Business District, FL
How many homes are available in Central Business District, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The Central Business District real estate market had 26 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Central Business District 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 decreased by 14.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Business District, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Central Business District in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Central Business District, FL
How long does it take to sell a home in Central Business District, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 110 Days | 60 Days | -45.8% |
Summary: Homes in Central Business District had an average of 60 days on market in Apr 2024, down by 45.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Central Business District has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Central Business District; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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