Is Englewood, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Englewood is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Englewood was a Neutral 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

$370,900

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$18,100(-4.7%)

Key Takeaway

Homes in Englewood have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in Englewood was $370,900 in February 2024, down 4.7% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $165K$159K
-3.6%
2 $325K$300K
-7.7%
3 $489K$450K
-8.0%
4 $900K$700K
-22.2%
5+ $1.7M$550K
-68.6%

Summary: Englewood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 68.6%.

Median Sold Price Compared To Nearby Cities

Venice
+2.4%
Englewood
-4.7%

Housing Supply in Englewood, FL

How many homes are available in Englewood, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
750873+16.4%

Summary: The Englewood real estate market had 873 homes for sale in February 2024, a 16.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2328
+21.7%
2 394473
+20.1%
3 259289
+11.6%
4 5964
+8.5%
5+ 1519
+26.7%

Summary: The Englewood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
5982+39.0%

Asking Price vs. Sold Price

71 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Englewood, you may be able to get a good deal. 86.6% of homes here sold below asking price last month.

Summary: A total of 82 homes were sold or pending in Englewood in February 2024, up by 39.0% month-over-month. Of the 82 sold homes, 87% were sold under asking, 7% were sold at asking, and 6% 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

Feb 2023Feb 2024CHANGE
30 Days71 Days+130.7%

Summary: Homes in Englewood had an average of 71 days on market in Feb 2024, up by 130.7% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Englewood are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 82 homes were sold in Englewood; 41% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Englewood, FL

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