Is El Cid / Prospect Park / Southland Park, 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, El Cid / Prospect Park / Southland Park was a Seller's Market.
Key Takeaway
El Cid / Prospect Park / Southland Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in El Cid / Prospect Park / Southland Park, FL
How much do homes in El Cid / Prospect Park / Southland Park, FL cost?
Median Sold Price
$1,445,000
$716/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in El Cid / Prospect Park / Southland Park have sold for 21% less than they did a year ago.
Summary: The median home sold price in El Cid / Prospect Park / Southland Park was $1,445,000 in April 2024, down 21% from last year, and the median price per square foot was $716.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $950K | N/A |
| 2 Bedrooms | $1.1M | $980K | -10.9% |
| 3 Bedrooms | $1.7M | $1.2M | -27.8% |
| 4 Bedrooms | $2.2M | $1.8M | -16.9% |
| 5+ Bedrooms | $2.0M | $2.2M | +11.0% |
Summary: El Cid / Prospect Park / Southland Park 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 10.9%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Neighborhoods
| El Cid Historic District | $2.7M | $3.9M | +40.3% |
| El Cid / Prospect Park / Southland Park | $1.8M | $1.4M | -21.0% |
Housing Supply in El Cid / Prospect Park / Southland Park, FL
How many homes are available in El Cid / Prospect Park / Southland Park, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The El Cid / Prospect Park / Southland Park real estate market had 20 homes for sale in April 2024, a 13.0% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The El Cid / Prospect Park / Southland Park 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 decreased by 12.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in El Cid / Prospect Park / Southland Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in El Cid / Prospect Park / Southland Park in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for El Cid / Prospect Park / Southland Park, FL
How long does it take to sell a home in El Cid / Prospect Park / Southland Park, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 260 Days | +298.0% |
Summary: Homes in El Cid / Prospect Park / Southland Park had an average of 260 days on market in Apr 2024, up by 298% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in El Cid / Prospect Park / Southland Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 2 homes were sold in El Cid / Prospect Park / Southland Park; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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