Is Groveland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Groveland has remained a Seller's Market.
Housing Prices in Groveland, FL
How much do homes in Groveland, FL cost?
Median Sold Price
$385,971
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Groveland was $385,971 in March 2024, up 1.6% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $177.5K | +1.4% |
2 Bedrooms | $400K | $355K | -11.3% |
3 Bedrooms | $352.6K | $350.3K | -0.6% |
4 Bedrooms | $395.5K | $399.9K | +1.1% |
5+ Bedrooms | $461K | $478K | +3.7% |
Summary: Groveland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
Clermont | $425K | $449.9K | +5.9% |
Groveland | $379.9K | $385.9K | +1.6% |
Groveland-Mascotte | $375K | $380.1K | +1.4% |
Howey-in-the-Hills-Okahumpka | $335K | $325.4K | -2.8% |
Mascotte | $315K | $300K | -4.8% |
Housing Supply in Groveland, FL
How many homes are available in Groveland, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
205 | 203 | -1.0% |
Summary: The Groveland real estate market had 203 homes for sale in March 2024, a 1.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 31 | 34 | +9.7% |
3 Bedrooms | 83 | 75 | -9.6% |
4 Bedrooms | 69 | 76 | +10.1% |
5+ Bedrooms | 21 | 17 | -19.0% |
Summary: The Groveland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 37 | -5.1% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Groveland in March 2024, down by 5.1% month-over-month. Of the 37 sold homes, 76% were sold under asking, 16% were sold at asking, and 8% were sold over asking.
Days on Market for Groveland, FL
How long does it take to sell a home in Groveland, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 72 Days | +56.4% |
Summary: Homes in Groveland had an average of 72 days on market in Mar 2024, up by 56.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in Groveland; 22% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.