Is Jungle Terrace, 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, Jungle Terrace has remained a Seller's Market.
Key Takeaway
Jungle Terrace is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jungle Terrace, FL
How much do homes in Jungle Terrace, FL cost?
Median Sold Price
$384,900
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jungle Terrace have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Jungle Terrace was $384,900 in April 2024, up 5.7% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124K | $116.2K | -6.3% |
| 2 Bedrooms | $320K | $350K | +9.4% |
| 3 Bedrooms | $399K | $442.9K | +11.0% |
| 4 Bedrooms | $585K | $557.5K | -4.7% |
| 5+ Bedrooms | $887.5K | $749.9K | -15.5% |
Summary: Jungle Terrace housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Azalea Homes | $418.2K | $449.9K | +7.6% |
| Jungle Terrace | $364K | $384.9K | +5.7% |
| Jungle Prada | $682.5K | $643K | -5.8% |
| Sea Horse | $385K | $335K | -13.0% |
| Magnolia Manor | $300K | $253K | -15.7% |
Housing Supply in Jungle Terrace, FL
How many homes are available in Jungle Terrace, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 41 | +5.1% |
Summary: The Jungle Terrace real estate market had 41 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 1 | -83.3% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jungle Terrace housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 83.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jungle Terrace, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Jungle Terrace in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Jungle Terrace, FL
How long does it take to sell a home in Jungle Terrace, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 42 Days | +240.5% |
Summary: Homes in Jungle Terrace had an average of 42 days on market in Apr 2024, up by 240.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jungle Terrace are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Jungle Terrace; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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