Is Groveland, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Groveland is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Groveland was a Seller's Market.

Key Takeaway

Groveland 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 Groveland, FL

How much do homes in Groveland, FL cost?

Median Sold Price

$386,008

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$5,008(+1.3%)

Key Takeaway

Homes in Groveland have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Groveland was $386,008 in September 2024, up 1.3% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $441.5K$177.5K
-59.8%
2 $370K$374.9K
+1.3%
3 $350K$353K
+0.9%
4 $394.4K$399.9K
+1.4%
5+ $485K$486.3K
0.3%

Summary: Groveland housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Cities

Mascotte
+13.3%
Clermont
+2.1%
Groveland
+1.3%
Groveland-Mascotte
0.5%
Howey-in-the-Hills-Okahumpka
-3.0%

Housing Supply in Groveland, FL

How many homes are available in Groveland, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2292300.4%

Summary: The Groveland real estate market had 230 homes for sale in September 2024, a 0.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 3133
+6.5%
3 8979
-11.2%
4 8999
+11.2%
5+ 2019
-5.0%

Summary: The Groveland 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 increased by 6.5%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3833-13.2%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Groveland, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Groveland in September 2024, down by 13.2% month-over-month. Of the 33 sold homes, 55% were sold under asking, 42% were sold at asking, and 3% 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

Sep 2023Sep 2024CHANGE
35 Days49 Days+39.4%

Summary: Homes in Groveland had an average of 49 days on market in Sep 2024, up by 39.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 33 homes were sold in Groveland; 52% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 21% 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 30 Days Ago

Newest Listings in Groveland, FL

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