Is El Portal, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, El Portal has remained a Seller's Market.
Key Takeaway
El Portal is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in El Portal, FL
How much do homes in El Portal, FL cost?
Median Sold Price
$960,000
$586/sqft
Based on all homes sold in November 2023.
Difference Since Last Month
Key Takeaway
Homes in El Portal have sold for 18.3% less than they did a month ago.
Summary: The median home sold price in El Portal was $960,000 in November 2023, down 18.3% from last month, and the median price per square foot was $586.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $620K | $843.5K | +36.0% |
| 3 Bedrooms | $1.1M | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $1.5M | $1.7M | +11.1% |
Summary: El Portal housing prices by bedroom type for November 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 11.1%.
Housing Supply in El Portal, FL
How many homes are available in El Portal, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The El Portal real estate market had 16 homes for sale in November 2023, the same as October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The El Portal housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
5 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 Portal, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in El Portal in November 2023, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for El Portal, FL
How long does it take to sell a home in El Portal, FL?
Average Sale Time
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 109 Days | 46 Days | -57.8% |
Summary: Homes in El Portal had an average of 46 days on market in Nov 2023, down by 57.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in El Portal are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 5 homes were sold in El Portal; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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