Is Fruit Cove, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fruit Cove is a seller's market

Buyer's
Market

Difference Since September 2023

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

$535,147

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$22,812(-4.1%)

Key Takeaway

Homes in Fruit Cove have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in Fruit Cove was $535,147 in September 2024, down 4.1% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $425K-
N/A
2 $400.4K$369.5K
-7.7%
3 $447.7K$427.2K
-4.6%
4 $576.9K$567.2K
-1.7%
5+ $760.8K$770.3K
+1.2%

Summary: Fruit Cove housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 1.2%.

Median Sold Price Compared To Nearby Cities

Fleming Island
+6.4%
Jacksonville East
+6.3%
Jacksonville
+2.5%
Saint Johns
-3.3%
Fruit Cove
-4.1%

Housing Supply in Fruit Cove, FL

How many homes are available in Fruit Cove, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
534466-12.7%

Summary: The Fruit Cove real estate market had 466 homes for sale in September 2024, a 12.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 6959
-14.5%
3 140124
-11.4%
4 208190
-8.7%
5+ 11793
-20.5%

Summary: The Fruit Cove housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.5%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 20.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
13181-38.2%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fruit Cove, you may be able to get a good deal. 69.1% of homes here sold below asking price last month.

Summary: A total of 81 homes were sold or pending in Fruit Cove in September 2024, down by 38.2% month-over-month. Of the 81 sold homes, 69% were sold under asking, 26% were sold at asking, and 5% 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

Sep 2023Sep 2024CHANGE
45 Days64 Days+41.7%

Summary: Homes in Fruit Cove had an average of 64 days on market in Sep 2024, up by 41.7% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fruit Cove are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 81 homes were sold in Fruit Cove; 40% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

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