Is Driftwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Driftwood was a Seller's Market.
Housing Prices in Driftwood, FL
How much do homes in Driftwood, FL cost?
Median Sold Price
$485,000
$368/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Driftwood was $485,000 in April 2024, up 7.9% from last year, and the median price per square foot was $368.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $400K | $375K | -6.3% |
3 Bedrooms | $443.7K | $477K | +7.5% |
4 Bedrooms | $479K | $525K | +9.6% |
5+ Bedrooms | $525K | $545K | +3.8% |
Summary: Driftwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
Carriage | $167K | $190K | +13.8% |
Driftwood | $449.5K | $485K | +7.9% |
Boulevard Heights | $442K | $459.5K | +4.0% |
Housing Supply in Driftwood, FL
How many homes are available in Driftwood, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 43 | +22.9% |
Summary: The Driftwood real estate market had 43 homes for sale in April 2024, a 22.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 16 | 25 | +56.3% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Driftwood housing inventory by bedroom type for April 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 56.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Driftwood in April 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Driftwood, FL
How long does it take to sell a home in Driftwood, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 21 Days | -35.7% |
Summary: Homes in Driftwood had an average of 21 days on market in Apr 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Driftwood; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.