Is Cortez, 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, Cortez was a Neutral Market.
Key Takeaway
Cortez is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cortez, FL
How much do homes in Cortez, FL cost?
Median Sold Price
$433,750
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cortez have sold for 15.8% less than they did a year ago.
Summary: The median home sold price in Cortez was $433,750 in April 2024, down 15.8% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $145K | -56.1% |
| 2 Bedrooms | $405.5K | $340K | -16.2% |
| 3 Bedrooms | $662.5K | $767.9K | +15.9% |
| 4 Bedrooms | $597.7K | $925K | +54.7% |
| 5+ Bedrooms | $838.5K | $745K | -11.2% |
Summary: Cortez housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.1%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 54.7%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Coral Shores | $816K | $797.5K | -2.3% |
| Cortez | $515K | $433.7K | -15.8% |
Housing Supply in Cortez, FL
How many homes are available in Cortez, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 120 | 112 | -6.7% |
Summary: The Cortez real estate market had 112 homes for sale in April 2024, a 6.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 70 | 66 | -5.7% |
| 3 Bedrooms | 32 | 33 | +3.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Cortez housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 21 | +133.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cortez, you may be able to get a good deal. 81% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Cortez in April 2024, up by 133.3% month-over-month. Of the 21 sold homes, 81% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Cortez, FL
How long does it take to sell a home in Cortez, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 61 Days | +78.4% |
Summary: Homes in Cortez had an average of 61 days on market in Apr 2024, up by 78.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cortez are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Cortez; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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