Is Inverness, 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, Inverness was a Seller's Market.
Housing Prices in Inverness, FL
How much do homes in Inverness, FL cost?
Median Sold Price
$245,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Inverness was $245,000 in March 2024, up 5.2% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $185K | $197.6K | +6.8% |
3 Bedrooms | $251.5K | $261K | +3.8% |
4 Bedrooms | $302.5K | $400K | +32.2% |
5+ Bedrooms | - | $373.7K | N/A |
Summary: Inverness 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 6.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 32.2%, and 5+ bedroom homes did not change.
Housing Supply in Inverness, FL
How many homes are available in Inverness, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
166 | 176 | +6.0% |
Summary: The Inverness real estate market had 176 homes for sale in March 2024, a 6.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 52 | 50 | -3.8% |
3 Bedrooms | 91 | 102 | +12.1% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Inverness housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Inverness in March 2024, down by 15.4% month-over-month. Of the 22 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Inverness, FL
How long does it take to sell a home in Inverness, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 40 Days | +2.7% |
Summary: Homes in Inverness had an average of 40 days on market in Mar 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Inverness; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.