Is DeSoto County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, DeSoto County was a Seller's Market.
Key Takeaway
DeSoto County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in DeSoto County, FL
How much do homes in DeSoto County, FL cost?
Median Sold Price
$238,266
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in DeSoto County have sold for 5% less than they did a year ago.
Summary: The median home sold price in DeSoto County was $238,266 in March 2024, down 5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297.5K | $411.5K | +38.3% |
| 2 Bedrooms | $198.2K | $177.6K | -10.4% |
| 3 Bedrooms | $279K | $278K | -0.4% |
| 4 Bedrooms | $323.5K | $281K | -13.1% |
| 5+ Bedrooms | $408.7K | $375.5K | -8.1% |
Summary: DeSoto County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.3%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Counties
| Hardee County | $237K | $265K | +11.8% |
| Sarasota County | $449.8K | $450.4K | 0.1% |
| Manatee County | $475.3K | $470.1K | -1.1% |
| Charlotte County | $372.4K | $356.4K | -4.3% |
| DeSoto County | $250.7K | $238.2K | -5.0% |
Housing Supply in DeSoto County, FL
How many homes are available in DeSoto County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 200 | 227 | +13.5% |
Summary: The DeSoto County real estate market had 227 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 25 | +4.2% |
| 2 Bedrooms | 58 | 61 | +5.2% |
| 3 Bedrooms | 96 | 115 | +19.8% |
| 4 Bedrooms | 17 | 23 | +35.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The DeSoto County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 36 | +89.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in DeSoto County, you may be able to get a good deal. 69.4% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in DeSoto County in March 2024, up by 89.5% month-over-month. Of the 36 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.
Days on Market for DeSoto County, FL
How long does it take to sell a home in DeSoto County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 85 Days | +123.2% |
Summary: Homes in DeSoto County had an average of 85 days on market in Mar 2024, up by 123.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in DeSoto County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 36 homes were sold in DeSoto County; 39% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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