Is Englewood, 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, Englewood was a Seller's Market.
Key Takeaway
Englewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Englewood, FL
How much do homes in Englewood, FL cost?
Median Sold Price
$364,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Englewood have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Englewood was $364,000 in March 2024, down 7.2% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $150K | -23.1% |
| 2 Bedrooms | $318.7K | $300K | -5.9% |
| 3 Bedrooms | $504.5K | $435.6K | -13.6% |
| 4 Bedrooms | $900K | $662.5K | -26.4% |
| 5+ Bedrooms | $1.5M | $550K | -63.3% |
Summary: Englewood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes decreased by 63.3%.
Median Sold Price Compared To Nearby Cities
| Venice | $468.9K | $469.7K | 0.2% |
| Englewood | $392.2K | $364K | -7.2% |
Housing Supply in Englewood, FL
How many homes are available in Englewood, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 841 | 892 | +6.1% |
Summary: The Englewood real estate market had 892 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 28 | +7.7% |
| 2 Bedrooms | 449 | 462 | +2.9% |
| 3 Bedrooms | 282 | 313 | +11.0% |
| 4 Bedrooms | 64 | 65 | +1.6% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Englewood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 91 | 96 | +5.5% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Englewood, you may be able to get a good deal. 80.2% of homes here sold below asking price last month.
Summary: A total of 96 homes were sold or pending in Englewood in March 2024, up by 5.5% month-over-month. Of the 96 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for Englewood, FL
How long does it take to sell a home in Englewood, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 63 Days | +78.4% |
Summary: Homes in Englewood had an average of 63 days on market in Mar 2024, up by 78.4% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Englewood are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 96 homes were sold in Englewood; 39% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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