Is Matanzas, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Matanzas has remained a Seller's Market.
Key Takeaway
Matanzas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Matanzas, FL
How much do homes in Matanzas, FL cost?
Median Sold Price
$389,093
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Matanzas have sold for 8% less than they did a year ago.
Summary: The median home sold price in Matanzas was $389,093 in March 2024, down 8% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $197.5K | $350K | +77.2% |
| 2 Bedrooms | $287K | $302.7K | +5.5% |
| 3 Bedrooms | $388.2K | $369.4K | -4.8% |
| 4 Bedrooms | $504.2K | $505K | 0.1% |
| 5+ Bedrooms | $559.9K | $469.9K | -16.1% |
Summary: Matanzas housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.2%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
| Elkton | $365K | $418K | +14.5% |
| Matanzas | $422.8K | $389K | -8.0% |
Housing Supply in Matanzas, FL
How many homes are available in Matanzas, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 235 | 254 | +8.1% |
Summary: The Matanzas real estate market had 254 homes for sale in March 2024, a 8.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 66 | 80 | +21.2% |
| 3 Bedrooms | 94 | 103 | +9.6% |
| 4 Bedrooms | 58 | 54 | -6.9% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Matanzas 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 increased by 21.2%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 49 | +44.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Matanzas, you may be able to get a good deal. 67.3% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Matanzas in March 2024, up by 44.1% month-over-month. Of the 49 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Matanzas, FL
How long does it take to sell a home in Matanzas, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 75 Days | +65.1% |
Summary: Homes in Matanzas had an average of 75 days on market in Mar 2024, up by 65.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Matanzas are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 49 homes were sold in Matanzas; 35% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
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