Is Downtown, 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, Downtown was a Seller's Market.
Housing Prices in Downtown, FL
How much do homes in Downtown, FL cost?
Median Sold Price
$487,500
$476/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Downtown was $487,500 in March 2024, up 0.5% from last year, and the median price per square foot was $476.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $392.5K | +12.1% |
2 Bedrooms | $530K | $559.5K | +5.6% |
3 Bedrooms | $1.2M | $2.1M | +64.1% |
4 Bedrooms | $3.2M | $4.4M | +39.1% |
5+ Bedrooms | $8.2M | - | N/A |
Summary: Downtown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 64.1%, 4 bedroom homes increased by 39.1%, 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
147 | 159 | +8.2% |
Summary: The Downtown real estate market had 159 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 48 | 52 | +8.3% |
2 Bedrooms | 70 | 81 | +15.7% |
3 Bedrooms | 26 | 23 | -11.5% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 15.7%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Downtown in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
74 Days | 119 Days | +60.5% |
Summary: Homes in Downtown had an average of 119 days on market in Mar 2024, up by 60.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Downtown; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.