Is Diplomat, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Diplomat is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Diplomat was a Seller's Market.

Key Takeaway

Diplomat is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Diplomat, FL

How much do homes in Diplomat, FL cost?

Median Sold Price

$359,665

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,765(+2.8%)

Key Takeaway

Homes in Diplomat have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Diplomat was $359,665 in March 2024, up 2.8% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $219.9K$210K
-4.5%
2 $284.9K$235K
-17.5%
3 $345K$350K
+1.4%
4 $392.9K$387.4K
-1.4%
5+ $518.2K$487.5K
-5.9%

Summary: Diplomat housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Neighborhoods

Diplomat
+2.8%
Jacaranda
-1.6%
Hancock
-3.3%

Housing Supply in Diplomat, FL

How many homes are available in Diplomat, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
305320+4.9%

Summary: The Diplomat real estate market had 320 homes for sale in March 2024, a 4.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 44
0.0%
2 1717
0.0%
3 175189
+8.0%
4 106107
+0.9%
5+ 33
0.0%

Summary: The Diplomat housing inventory by bedroom type for March 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 8%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2143+104.8%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Diplomat, you may be able to get a good deal. 65.1% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in Diplomat in March 2024, up by 104.8% month-over-month. Of the 43 sold homes, 65% were sold under asking, 19% were sold at asking, and 16% were sold over asking.

Days on Market for Diplomat, FL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
45 Days68 Days+52.2%

Summary: Homes in Diplomat had an average of 68 days on market in Mar 2024, up by 52.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Diplomat has remained consistent over time.

Summary: During March 2024, 43 homes were sold in Diplomat; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 26% 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

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