Is Flamingo Park, 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, Flamingo Park has remained a Seller's Market.
Key Takeaway
Flamingo Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Flamingo Park, FL
How much do homes in Flamingo Park, FL cost?
Median Sold Price
$747,202
$638/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Flamingo Park have sold for 40.9% less than they did a month ago.
Summary: The median home sold price in Flamingo Park was $747,202 in April 2024, down 40.9% from last month, and the median price per square foot was $638.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $575K | $624.7K | +8.6% |
| 3 Bedrooms | $1.4M | $860K | -40.4% |
| 4 Bedrooms | - | $1.8M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Flamingo Park housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 40.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Flamingo Park, FL
How many homes are available in Flamingo Park, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Summary: The Flamingo Park real estate market had 16 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Flamingo Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 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 Flamingo Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Flamingo Park in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Flamingo Park, FL
How long does it take to sell a home in Flamingo Park, FL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 74 Days | +70.0% |
Summary: Homes in Flamingo Park had an average of 74 days on market in Apr 2024, up by 70% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Flamingo Park are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Flamingo Park; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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