Is Magnolia Heights, 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, Magnolia Heights has remained a Seller's Market.
Housing Prices in Magnolia Heights, FL
How much do homes in Magnolia Heights, FL cost?
Median Sold Price
$423,000
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Magnolia Heights was $423,000 in April 2024, down 1.1% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $400K | $362.5K | -9.4% |
3 Bedrooms | $468.5K | $530K | +13.1% |
4 Bedrooms | $540K | $710.7K | +31.6% |
5+ Bedrooms | $555K | - | N/A |
Summary: Magnolia Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Five Points | $425K | $575K | +35.3% |
Greater Woodlawn | $590K | $722.5K | +22.5% |
Euclid Heights | $376K | $380K | +1.1% |
Magnolia Heights | $427.5K | $423K | -1.1% |
Housing Supply in Magnolia Heights, FL
How many homes are available in Magnolia Heights, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Summary: The Magnolia Heights real estate market had 15 homes for sale in April 2024, a 11.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 3 | 1 | -66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Magnolia Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Magnolia Heights in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Magnolia Heights, FL
How long does it take to sell a home in Magnolia Heights, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 12 Days | -78.9% |
Summary: Homes in Magnolia Heights had an average of 12 days on market in Apr 2024, down by 78.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Magnolia Heights; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.