Is Florida 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, Florida City has remained a Buyer's Market.
Key Takeaway
Florida City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Florida City, FL
How much do homes in Florida City, FL cost?
Median Sold Price
$394,500
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Florida City have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Florida City was $394,500 in March 2024, up 14.3% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $370K | +111.4% |
| 2 Bedrooms | $349.9K | $325K | -7.1% |
| 3 Bedrooms | $335K | $379K | +13.1% |
| 4 Bedrooms | $315.4K | $420K | +33.1% |
| 5+ Bedrooms | $496.9K | $525.9K | +5.8% |
Summary: Florida City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 111.4%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Florida City | $345K | $394.5K | +14.3% |
| Homestead | $402.6K | $449.9K | +11.8% |
Housing Supply in Florida City, FL
How many homes are available in Florida City, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 86 | 110 | +27.9% |
Summary: The Florida City real estate market had 110 homes for sale in March 2024, a 27.9% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 59 | 76 | +28.8% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 8 | 15 | +87.5% |
Summary: The Florida 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 50%, 3 bedroom homes increased by 28.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 87.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florida City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Florida City in March 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Florida City, FL
How long does it take to sell a home in Florida City, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 82 Days | 39 Days | -52.5% |
Summary: Homes in Florida City had an average of 39 days on market in Mar 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Florida City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Florida City; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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