Is Galt Mile, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Galt Mile was a Seller's Market.
Key Takeaway
Galt Mile is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Galt Mile, FL
How much do homes in Galt Mile, FL cost?
Median Sold Price
$590,000
$418/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Galt Mile have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Galt Mile was $590,000 in April 2024, up 2.4% from last year, and the median price per square foot was $418.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $429K | +8.6% |
| 2 Bedrooms | $775K | $620K | -20.0% |
| 3 Bedrooms | $1.1M | $1.1M | +4.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Galt Mile housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 4.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Galt Mile, FL
How many homes are available in Galt Mile, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 50 | +2.0% |
Summary: The Galt Mile real estate market had 50 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 18 | +12.5% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Galt Mile housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galt Mile, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Galt Mile in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Galt Mile, FL
How long does it take to sell a home in Galt Mile, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 74 Days | +32.0% |
Summary: Homes in Galt Mile had an average of 74 days on market in Apr 2024, up by 32% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Galt Mile are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Galt Mile; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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