Is Laurel Hill, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Laurel Hill has remained a Neutral Market.
Key Takeaway
Laurel Hill 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 Laurel Hill, FL
How much do homes in Laurel Hill, FL cost?
Median Sold Price
$289,900
$162/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Laurel Hill have sold for 10.8% less than they did a month ago.
Summary: The median home sold price in Laurel Hill was $289,900 in March 2024, down 10.8% from last month, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $551K | $149.9K | -72.8% |
| 4 Bedrooms | $297.9K | $289.9K | -2.7% |
| 5+ Bedrooms | $329.7K | $342.9K | +4.0% |
Summary: Laurel Hill housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 72.8%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 4%.
Housing Supply in Laurel Hill, FL
How many homes are available in Laurel Hill, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 60 | -4.8% |
Summary: The Laurel Hill real estate market had 60 homes for sale in March 2024, a 4.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Laurel Hill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel Hill, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Laurel Hill in March 2024, the same as the previous month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% were sold over asking.
Days on Market for Laurel Hill, FL
How long does it take to sell a home in Laurel Hill, FL?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 128 Days | 168 Days | +31.7% |
Summary: Homes in Laurel Hill had an average of 168 days on market in Mar 2024, up by 31.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Laurel Hill are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 9 homes were sold in Laurel Hill; 22% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 78% of homes were sold over 90 days.
