$10,000 Closing Credit*
$2,500,000
3,108 SqFt
4 Beds
•3 Full Baths, 1 Partial
Michael Martirena, Listing Office: Compass Florida, LLC.
Is Central Downtown, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Central Downtown has remained a Buyer's Market.
Key Takeaway
Central Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Downtown, FL
How much do homes in Central Downtown, FL cost?
Median Sold Price
$342,500
$322/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$17,500(+5.4%)
Key Takeaway
Homes in Central Downtown have sold for 5.4% more than they did a month ago.
Summary: The median home sold price in Central Downtown was $342,500 in August 2024, up 5.4% from last month, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $355K | +9.2% |
| 3 Bedrooms | - | $330K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Central Downtown housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Central Downtown, FL
How many homes are available in Central Downtown, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Central Downtown real estate market had 15 homes for sale in August 2024, a 36.4% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Central Downtown housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 Downtown, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Central Downtown in August 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Central Downtown, FL
How long does it take to sell a home in Central Downtown, FL?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 46 Days | 110 Days | +139.1% |
Summary: Homes in Central Downtown had an average of 110 days on market in Aug 2024, up by 139.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Central Downtown are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 2 homes were sold in Central Downtown; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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