Is Myakka City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$627,317
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Myakka City have sold for 1% more than they did a year ago.
Summary: The median home sold price in Myakka City was $627,317 in June 2024, up 1% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $230K | 0.0% |
| 2 Bedrooms | $463.6K | $449.3K | -3.1% |
| 3 Bedrooms | $619.8K | $624.9K | +0.8% |
| 4 Bedrooms | $749K | $703.4K | -6.1% |
| 5+ Bedrooms | $915K | $801.3K | -12.4% |
Summary: Myakka City housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 12.4%.
Housing Supply in Myakka City, FL
How many homes are available in Myakka City, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,625 | 1,467 | -9.7% |
Summary: The Myakka City real estate market had 1,467 homes for sale in June 2024, a 9.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 297 | 276 | -7.1% |
| 3 Bedrooms | 729 | 655 | -10.2% |
| 4 Bedrooms | 484 | 422 | -12.8% |
| 5+ Bedrooms | 112 | 112 | 0.0% |
Summary: The Myakka City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 301 | 238 | -20.9% |
Asking Price vs. Sold Price
149 Homes Were Sold
Under Asking
84 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Myakka City, you may be able to get a good deal. 62.6% of homes here sold below asking price last month.
Summary: A total of 238 homes were sold or pending in Myakka City in June 2024, down by 20.9% month-over-month. Of the 238 sold homes, 63% were sold under asking, 35% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 66 Days | 73 Days | +11.1% |
Summary: Homes in Myakka City had an average of 73 days on market in Jun 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
79 Homes Were Sold
In 30 - 90 Days
73 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Myakka City are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 238 homes were sold in Myakka City; 36% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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