Is Marbella Park, 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, Marbella Park has remained a Seller's Market.
Key Takeaway
Marbella Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marbella Park, FL
How much do homes in Marbella Park, FL cost?
Median Sold Price
$625,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Marbella Park have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Marbella Park was $625,000 in April 2024, up 10.6% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $430K | +14.7% |
| 3 Bedrooms | $525K | $570K | +8.6% |
| 4 Bedrooms | $612.5K | $700K | +14.3% |
| 5+ Bedrooms | $819.3K | $800K | -2.4% |
Summary: Marbella Park 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 increased by 14.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Marbella Park | $565K | $625K | +10.6% |
| Lakes on the Green | $700K | $660K | -5.7% |
Housing Supply in Marbella Park, FL
How many homes are available in Marbella Park, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 42 | -8.7% |
Summary: The Marbella Park real estate market had 42 homes for sale in April 2024, a 8.7% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Marbella Park 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marbella Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Marbella Park in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Marbella Park, FL
How long does it take to sell a home in Marbella Park, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 47 Days | +227.6% |
Summary: Homes in Marbella Park had an average of 47 days on market in Apr 2024, up by 227.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marbella Park has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Marbella Park; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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