Is Elkton, 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, Elkton was a Seller's Market.
Housing Prices in Elkton, FL
How much do homes in Elkton, FL cost?
Median Sold Price
$418,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elkton was $418,000 in March 2024, up 14.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $510K | N/A |
3 Bedrooms | $341.2K | $400K | +17.2% |
4 Bedrooms | $465K | $422.5K | -9.1% |
5+ Bedrooms | $530K | $501.6K | -5.3% |
Summary: Elkton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Cities
Elkton | $365K | $418K | +14.5% |
East Palatka | $239.9K | $252.6K | +5.3% |
Matanzas | $422.8K | $389K | -8.0% |
Housing Supply in Elkton, FL
How many homes are available in Elkton, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
Summary: The Elkton real estate market had 26 homes for sale in March 2024, a 23.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 13 | 20 | +53.8% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Elkton housing inventory by bedroom type for March 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 53.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Elkton in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Elkton, FL
How long does it take to sell a home in Elkton, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 99 Days | +88.1% |
Summary: Homes in Elkton had an average of 99 days on market in Mar 2024, up by 88.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Elkton; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.