Is Greenacres, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Greenacres was a Seller's Market.
Key Takeaway
Greenacres is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Greenacres, FL
How much do homes in Greenacres, FL cost?
Median Sold Price
$290,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Greenacres have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Greenacres was $290,000 in March 2024, up 3.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128.5K | $139.5K | +8.6% |
| 2 Bedrooms | $220K | $230K | +4.5% |
| 3 Bedrooms | $350K | $365K | +4.3% |
| 4 Bedrooms | $487.5K | $535K | +9.7% |
| 5+ Bedrooms | $609.9K | $570K | -6.5% |
Summary: Greenacres housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in Greenacres, FL
How many homes are available in Greenacres, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 286 | 311 | +8.7% |
Summary: The Greenacres real estate market had 311 homes for sale in March 2024, a 8.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 9 | +28.6% |
| 2 Bedrooms | 159 | 176 | +10.7% |
| 3 Bedrooms | 101 | 102 | +1.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Greenacres housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 45 | 45 | 0.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenacres, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Greenacres in March 2024, the same as the previous month. Of the 45 sold homes, 62% were sold under asking, 29% were sold at asking, and 9% were sold over asking.
Days on Market for Greenacres, FL
How long does it take to sell a home in Greenacres, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 46 Days | +19.8% |
Summary: Homes in Greenacres had an average of 46 days on market in Mar 2024, up by 19.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenacres are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 45 homes were sold in Greenacres; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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