Is Floral City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Floral City has remained a Seller's Market.
Key Takeaway
Floral City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Floral City, FL
How much do homes in Floral City, FL cost?
Median Sold Price
$260,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Floral City have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Floral City was $260,000 in March 2024, down 6.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $90K | -18.2% |
| 2 Bedrooms | $230K | $200K | -13.0% |
| 3 Bedrooms | $351K | $280K | -20.2% |
| 4 Bedrooms | $493K | $260K | -47.3% |
| 5+ Bedrooms | $750K | $890K | +18.7% |
Summary: Floral City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 20.2%, 4 bedroom homes decreased by 47.3%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Cities
| Floral City | $277.4K | $260K | -6.3% |
| Bushnell-Center Hill | $275K | $240K | -12.7% |
| Lecanto | $335K | $290K | -13.4% |
| Lake Panasoffkee | $252.5K | $150K | -40.6% |
Housing Supply in Floral City, FL
How many homes are available in Floral City, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 45 | +4.7% |
Summary: The Floral City real estate market had 45 homes for sale in March 2024, a 4.7% 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 | 11 | 14 | +27.3% |
| 3 Bedrooms | 24 | 24 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Floral City 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 increased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Floral City, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Floral City in March 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Floral City, FL
How long does it take to sell a home in Floral City, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 23 Days | -69.5% |
Summary: Homes in Floral City had an average of 23 days on market in Mar 2024, down by 69.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Floral City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Floral City; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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