Is Florida City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Florida City was a Buyer's Market.
Key Takeaway
Florida City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Florida City, FL
How much do homes in Florida City, FL cost?
Median Sold Price
$393,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Florida City have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Florida City was $393,000 in November 2023, up 18.4% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | - | N/A |
| 2 Bedrooms | $335.6K | $330K | -1.7% |
| 3 Bedrooms | $331.3K | $372K | +12.3% |
| 4 Bedrooms | $322.5K | $398K | +23.4% |
| 5+ Bedrooms | $415.4K | $525K | +26.4% |
Summary: Florida City housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 26.4%.
Median Sold Price Compared To Nearby Cities
| Florida City | $331.9K | $393K | +18.4% |
| Homestead | $385.2K | $432.7K | +12.3% |
Housing Supply in Florida City, FL
How many homes are available in Florida City, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 83 | 81 | -2.4% |
Summary: The Florida City real estate market had 81 homes for sale in November 2023, a 2.4% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 58 | 55 | -5.2% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Florida City housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 27 | 18 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florida City, expect to pay close to the asking price. 77.8% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Florida City in November 2023, down by 33.3% month-over-month. Of the 18 sold homes, 22% were sold under asking, 78% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 43 Days | 67 Days | +55.6% |
Summary: Homes in Florida City had an average of 67 days on market in Nov 2023, up by 55.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Florida City are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 18 homes were sold in Florida City; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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