Is Horizon West, 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, Horizon West has remained a Seller's Market.
Key Takeaway
Horizon West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Horizon West, FL
How much do homes in Horizon West, FL cost?
Median Sold Price
$549,383
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Horizon West have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Horizon West was $549,383 in March 2024, up 1.6% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $224K | $340K | +51.8% |
| 3 Bedrooms | $458K | $455K | -0.7% |
| 4 Bedrooms | $617.5K | $627.3K | +1.6% |
| 5+ Bedrooms | $780K | $830K | +6.4% |
Summary: Horizon West housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakes of Windermere / Lake Reams Townhomes | $350K | $380K | +8.6% |
| Horizon West | $540.6K | $549.3K | +1.6% |
Housing Supply in Horizon West, FL
How many homes are available in Horizon West, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 397 | 397 | 0.0% |
Summary: The Horizon West real estate market had 397 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 146 | 130 | -11.0% |
| 4 Bedrooms | 163 | 160 | -1.8% |
| 5+ Bedrooms | 71 | 89 | +25.4% |
Summary: The Horizon West housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 25.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 71 | 83 | +16.9% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horizon West, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Horizon West in March 2024, up by 16.9% month-over-month. Of the 83 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% were sold over asking.
Days on Market for Horizon West, FL
How long does it take to sell a home in Horizon West, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 47 Days | -12.5% |
Summary: Homes in Horizon West had an average of 47 days on market in Mar 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Horizon West are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 83 homes were sold in Horizon West; 55% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.