Is Englewood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Englewood has remained a Seller's Market.
Key Takeaway
Englewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Englewood, FL
How much do homes in Englewood, FL cost?
Median Sold Price
$275,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Englewood have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Englewood was $275,000 in May 2024, up 3.8% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $202K | +12.2% |
| 3 Bedrooms | $270K | $264.9K | -1.9% |
| 4 Bedrooms | $300K | $320K | +6.7% |
| 5+ Bedrooms | $346K | $394K | +13.9% |
Summary: Englewood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in Englewood, FL
How many homes are available in Englewood, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 61 | +7.0% |
Summary: The Englewood real estate market had 61 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 20 | 27 | +35.0% |
| 4 Bedrooms | 30 | 28 | -6.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Englewood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 35%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 17 | +112.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Englewood, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Englewood in May 2024, up by 112.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 12% were sold at asking, and 18% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 37 Days | -19.4% |
Summary: Homes in Englewood had an average of 37 days on market in May 2024, down by 19.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Englewood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Englewood; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
