Is Downtown, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Downtown has remained a Buyer's Market.
Key Takeaway
Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown, FL
How much do homes in Downtown, FL cost?
Median Sold Price
$564,000
$559/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Downtown have sold for 2% less than they did a year ago.
Summary: The median home sold price in Downtown was $564,000 in April 2024, down 2% from last year, and the median price per square foot was $559.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $425K | +2.4% |
| 2 Bedrooms | $645K | $648.1K | 0.5% |
| 3 Bedrooms | $1.1M | $1.1M | +3.4% |
| 4 Bedrooms | $6.2M | $7.0M | +12.0% |
| 5+ Bedrooms | $18.8M | - | N/A |
Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes did not change.
Housing Supply in Downtown, FL
How many homes are available in Downtown, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 508 | 552 | +8.7% |
Summary: The Downtown real estate market had 552 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 204 | 220 | +7.8% |
| 2 Bedrooms | 192 | 210 | +9.4% |
| 3 Bedrooms | 76 | 83 | +9.2% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 32 | -23.8% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown, you may be able to get a good deal. 93.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Downtown in April 2024, down by 23.8% month-over-month. Of the 32 sold homes, 94% were sold under asking, 3% were sold at asking, and 3% were sold over asking.
Days on Market for Downtown, FL
How long does it take to sell a home in Downtown, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 83 Days | +22.5% |
Summary: Homes in Downtown had an average of 83 days on market in Apr 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Downtown has remained consistent over time.
Summary: During April 2024, 32 homes were sold in Downtown; 34% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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