Is Channel District, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Channel District is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Channel District has remained a Seller's Market.

Key Takeaway

Channel District is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Channel District, FL

How much do homes in Channel District, FL cost?

Median Sold Price

$578,500

$476/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$9,500(+1.7%)

Key Takeaway

Homes in Channel District have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Channel District was $578,500 in February 2024, up 1.7% from last year, and the median price per square foot was $476.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $408.7K$392.5K
-4.0%
2 $635K$655K
+3.1%
3 $1.3M$1.1M
-11.3%
4 --
N/A
5+ --
N/A

Summary: Channel District housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Channel District
+1.7%
Historic Ybor
-4.7%

Housing Supply in Channel District, FL

How many homes are available in Channel District, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3144+41.9%

Summary: The Channel District real estate market had 44 homes for sale in February 2024, a 41.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 25
+150.0%
2 2535
+40.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Channel District housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
29+350.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Channel District, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Channel District in February 2024, up by 350.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Channel District, FL

How long does it take to sell a home in Channel District, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
86 Days80 Days-6.8%

Summary: Homes in Channel District had an average of 80 days on market in Feb 2024, down by 6.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Channel District are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 9 homes were sold in Channel District; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Channel District, FL

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