Is Florida City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Florida City was a Seller'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
$409,993
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Florida City have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Florida City was $409,993 in June 2024, up 17.1% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $370K | N/A |
| 2 Bedrooms | $345K | $299.2K | -13.3% |
| 3 Bedrooms | $345K | $407.9K | +18.3% |
| 4 Bedrooms | $380K | $425K | +11.8% |
| 5+ Bedrooms | $515K | $538.9K | +4.6% |
Summary: Florida City housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Florida City | $350K | $409.9K | +17.1% |
| Homestead | $415.1K | $459.9K | +10.8% |
Housing Supply in Florida City, FL
How many homes are available in Florida City, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 131 | 111 | -15.3% |
Summary: The Florida City real estate market had 111 homes for sale in June 2024, a 15.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 78 | 55 | -29.5% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 28 | 30 | +7.1% |
Summary: The Florida City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 29.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 23 | 10 | -56.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Florida City, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Florida City in June 2024, down by 56.5% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 48 Days | 36 Days | -24.4% |
Summary: Homes in Florida City had an average of 36 days on market in Jun 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 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 June 2024, 10 homes were sold in Florida City; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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