Is Fruit Cove, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Fruit Cove has remained a Seller's Market.
Key Takeaway
Fruit Cove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fruit Cove, FL
How much do homes in Fruit Cove, FL cost?
Median Sold Price
$550,917
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Fruit Cove have sold for 1% more than they did a year ago.
Summary: The median home sold price in Fruit Cove was $550,917 in November 2023, up 1% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $425K | N/A |
| 2 Bedrooms | $343K | $398.4K | +16.2% |
| 3 Bedrooms | $445K | $445.6K | 0.2% |
| 4 Bedrooms | $566.5K | $581K | +2.6% |
| 5+ Bedrooms | $715K | $749.3K | +4.8% |
Summary: Fruit Cove 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 increased by 16.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Saint Johns | $527K | $539.3K | +2.3% |
| Fruit Cove | $545.4K | $550.9K | +1.0% |
| Jacksonville | $296.9K | $298.6K | +0.6% |
| Jacksonville East | $337.6K | $336.4K | -0.4% |
| Fleming Island | $450K | $430K | -4.4% |
Housing Supply in Fruit Cove, FL
How many homes are available in Fruit Cove, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 397 | 347 | -12.6% |
Summary: The Fruit Cove real estate market had 347 homes for sale in November 2023, a 12.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 35 | 40 | +14.3% |
| 3 Bedrooms | 111 | 96 | -13.5% |
| 4 Bedrooms | 174 | 139 | -20.1% |
| 5+ Bedrooms | 77 | 72 | -6.5% |
Summary: The Fruit Cove housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 81 | 81 | 0.0% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fruit Cove, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.
Summary: A total of 81 homes were sold or pending in Fruit Cove in November 2023, the same as the previous month. Of the 81 sold homes, 59% were sold under asking, 32% were sold at asking, and 9% were sold over asking.
Days on Market for Fruit Cove, FL
How long does it take to sell a home in Fruit Cove, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 49 Days | 37 Days | -24.7% |
Summary: Homes in Fruit Cove had an average of 37 days on market in Nov 2023, down by 24.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fruit Cove are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 81 homes were sold in Fruit Cove; 5% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2023 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Copyright © 2023 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Brevard Multiple Listing Service. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.