$2,957 Closing Credit*
$249,000
1,732 SqFt
3 Beds
•2 Full Baths
Sally R Merrifield, Christa Merrifield, Listing Office: Merrifield & Pilcher Realty
Is Laurel Hill, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Laurel Hill was a Seller's Market.
Key Takeaway
Laurel Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Laurel Hill, FL
How much do homes in Laurel Hill, FL cost?
Median Sold Price
$318,900
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$8,000(-2.4%)
Key Takeaway
Homes in Laurel Hill have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Laurel Hill was $318,900 in August 2024, down 2.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $209K | $150K | -28.2% |
| 3 Bedrooms | $230.9K | $295.9K | +28.2% |
| 4 Bedrooms | $321.9K | $308.1K | -4.3% |
| 5+ Bedrooms | $342.8K | $334.9K | -2.3% |
Summary: Laurel Hill housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.2%, 3 bedroom homes increased by 28.2%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in Laurel Hill, FL
How many homes are available in Laurel Hill, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 54 | 52 | -3.7% |
Summary: The Laurel Hill real estate market had 52 homes for sale in August 2024, a 3.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 23 | 20 | -13.0% |
| 5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Laurel Hill housing inventory by bedroom type for August 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 20%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Laurel Hill in August 2024, down by 62.5% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 45 Days | 71 Days | +55.9% |
Summary: Homes in Laurel Hill had an average of 71 days on market in Aug 2024, up by 55.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Laurel Hill are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Laurel Hill; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
