Is Dade City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dade City is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Dade City has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Dade City, FL

How much do homes in Dade City, FL cost?

Median Sold Price

$336,699

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,540(+2.9%)

Key Takeaway

Homes in Dade City have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Dade City was $336,699 in May 2024, up 2.9% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $55K$58.4K
+6.4%
2 $200K$210K
+5.0%
3 $310.2K$313.7K
+1.1%
4 $361.8K$378K
+4.5%
5+ $374.9K$409.8K
+9.3%

Summary: Dade City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Lacoochee
+6.5%
Dade City
+2.9%
Central Pasco
+2.0%

Housing Supply in Dade City, FL

How many homes are available in Dade City, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
290300+3.4%

Summary: The Dade City real estate market had 300 homes for sale in May 2024, a 3.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 3838
0.0%
3 135139
+3.0%
4 9195
+4.4%
5+ 2527
+8.0%

Summary: The Dade City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4851+6.3%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dade City, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Dade City in May 2024, up by 6.3% month-over-month. Of the 51 sold homes, 41% were sold under asking, 37% were sold at asking, and 22% were sold over asking.

Days on Market for Dade City, FL

How long does it take to sell a home in Dade City, FL?

Average Sale Time

May 2023May 2024CHANGE
60 Days48 Days-19.2%

Summary: Homes in Dade City had an average of 48 days on market in May 2024, down by 19.2% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Dade City are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 51 homes were sold in Dade City; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% 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 23 Days Ago

Newest Listings in Dade City, FL

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