Is Myakka City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Myakka City is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Myakka City was a Seller's Market.

Key Takeaway

Myakka City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Myakka City, FL

How much do homes in Myakka City, FL cost?

Median Sold Price

$615,879

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$3,896(-0.6%)

Key Takeaway

Homes in Myakka City have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Myakka City was $615,879 in September 2024, down 0.6% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $227.5K$230K
+1.1%
2 $472.4K$449K
-5.0%
3 $606.3K$611.6K
+0.9%
4 $719K$689.9K
-4.0%
5+ $860K$789.4K
-8.2%

Summary: Myakka City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 8.2%.

Median Sold Price Compared To Nearby Cities

Bradenton
+1.7%
Myakka City
-0.6%
Parrish
-1.8%
Ellenton
-2.6%

Housing Supply in Myakka City, FL

How many homes are available in Myakka City, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1,3981,355-3.1%

Summary: The Myakka City real estate market had 1,355 homes for sale in September 2024, a 3.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 33
0.0%
2 245257
+4.9%
3 620586
-5.5%
4 410398
-2.9%
5+ 120111
-7.5%

Summary: The Myakka City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 7.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
228169-25.9%

Asking Price vs. Sold Price

119 Homes Were Sold
Under Asking

45 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Myakka City, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.

Summary: A total of 169 homes were sold or pending in Myakka City in September 2024, down by 25.9% month-over-month. Of the 169 sold homes, 70% were sold under asking, 27% were sold at asking, and 3% were sold over asking.

Days on Market for Myakka City, FL

How long does it take to sell a home in Myakka City, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
48 Days82 Days+71.3%

Summary: Homes in Myakka City had an average of 82 days on market in Sep 2024, up by 71.3% compared to last year.

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

44 Homes Were Sold
In 30 - 90 Days

67 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Myakka City are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 169 homes were sold in Myakka City; 34% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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