Is East Homestead, 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, East Homestead was a Seller's Market.
Key Takeaway
East Homestead 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 East Homestead, FL
How much do homes in East Homestead, FL cost?
Median Sold Price
$435,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Homestead have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in East Homestead was $435,000 in April 2024, up 4.8% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $307.5K | +23.0% |
| 3 Bedrooms | $380K | $390K | +2.6% |
| 4 Bedrooms | $460K | $490K | +6.5% |
| 5+ Bedrooms | $525K | $550K | +4.8% |
Summary: East Homestead 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 increased by 23%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| South Naranja | $400K | $450K | +12.5% |
| Waterstone | $397.5K | $429.9K | +8.2% |
| Malibu Bay | $313.5K | $335K | +6.9% |
| East Homestead | $415K | $435K | +4.8% |
Housing Supply in East Homestead, FL
How many homes are available in East Homestead, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 124 | 139 | +12.1% |
Summary: The East Homestead real estate market had 139 homes for sale in April 2024, a 12.1% 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 | 11 | 14 | +27.3% |
| 3 Bedrooms | 60 | 62 | +3.3% |
| 4 Bedrooms | 40 | 49 | +22.5% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The East Homestead 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 increased by 27.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 21 | -8.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Homestead, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in East Homestead in April 2024, down by 8.7% month-over-month. Of the 21 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for East Homestead, FL
How long does it take to sell a home in East Homestead, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 51 Days | +21.3% |
Summary: Homes in East Homestead had an average of 51 days on market in Apr 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Homestead are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in East Homestead; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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