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 neutral's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Myakka City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Myakka City, FL

How much do homes in Myakka City, FL cost?

Median Sold Price

$625,034

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$3,242(-0.5%)

Key Takeaway

Homes in Myakka City have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Myakka City was $625,034 in April 2024, down 0.5% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $230K$227.5K
-1.1%
2 $450K$459.3K
+2.1%
3 $630K$615.7K
-2.3%
4 $790K$716.8K
-9.3%
5+ $896.2K$835K
-6.8%

Summary: Myakka City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Cities

Bradenton
+3.5%
Myakka City
-0.5%
Parrish
-1.9%
Ellenton
-9.0%

Housing Supply in Myakka City, FL

How many homes are available in Myakka City, FL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,3521,371+1.4%

Summary: The Myakka City real estate market had 1,371 homes for sale in April 2024, a 1.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 53
-40.0%
2 273272
-0.4%
3 636641
+0.8%
4 366363
-0.8%
5+ 7292
+27.8%

Summary: The Myakka City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 27.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
198215+8.6%

Asking Price vs. Sold Price

156 Homes Were Sold
Under Asking

54 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. 72.6% of homes here sold below asking price last month.

Summary: A total of 215 homes were sold or pending in Myakka City in April 2024, up by 8.6% month-over-month. Of the 215 sold homes, 73% were sold under asking, 25% were sold at asking, and 2% 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

Apr 2023Apr 2024CHANGE
47 Days58 Days+22.9%

Summary: Homes in Myakka City had an average of 58 days on market in Apr 2024, up by 22.9% compared to last year.

Breakdown of Home Sale Times

106 Homes Were Sold
Under 30 Days

57 Homes Were Sold
In 30 - 90 Days

52 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Myakka City are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 215 homes were sold in Myakka City; 49% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 24% 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 25 Days Ago

Newest Listings in Myakka City, FL

Nearby Markets to Myakka City, FL

What housing markets are near Myakka City, FL?