Is Hammocks, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hammocks has remained a Seller's Market.
Key Takeaway
Hammocks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hammocks, FL
How much do homes in Hammocks, FL cost?
Median Sold Price
$507,400
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hammocks have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Hammocks was $507,400 in April 2024, up 12.8% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.3K | $242.5K | +18.7% |
| 2 Bedrooms | $258.5K | $305K | +18.0% |
| 3 Bedrooms | $451.5K | $500K | +10.7% |
| 4 Bedrooms | $600K | $677.5K | +12.9% |
| 5+ Bedrooms | $635K | $637.5K | 0.4% |
Summary: Hammocks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in Hammocks, FL
How many homes are available in Hammocks, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 102 | 106 | +3.9% |
Summary: The Hammocks real estate market had 106 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 26 | 21 | -19.2% |
| 3 Bedrooms | 33 | 38 | +15.2% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Hammocks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hammocks, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Hammocks in April 2024, down by 13.6% month-over-month. Of the 19 sold homes, 53% were sold under asking, 21% were sold at asking, and 26% were sold over asking.
Days on Market for Hammocks, FL
How long does it take to sell a home in Hammocks, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 47 Days | +9.8% |
Summary: Homes in Hammocks had an average of 47 days on market in Apr 2024, up by 9.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hammocks are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in Hammocks; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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