Is Myakka City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$625,674
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Myakka City has remained the same since last year.
Summary: The median home sold price in Myakka City was $625,674 in March 2024, up 0.1% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $225K | -2.2% |
| 2 Bedrooms | $441.6K | $458K | +3.7% |
| 3 Bedrooms | $625K | $615K | -1.6% |
| 4 Bedrooms | $800K | $723.3K | -9.6% |
| 5+ Bedrooms | $909.3K | $831.6K | -8.5% |
Summary: Myakka City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 8.5%.
Housing Supply in Myakka City, FL
How many homes are available in Myakka City, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,269 | 1,329 | +4.7% |
Summary: The Myakka City real estate market had 1,329 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 258 | 271 | +5.0% |
| 3 Bedrooms | 592 | 631 | +6.6% |
| 4 Bedrooms | 340 | 345 | +1.5% |
| 5+ Bedrooms | 74 | 78 | +5.4% |
Summary: The Myakka City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 5.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 175 | 188 | +7.4% |
Asking Price vs. Sold Price
130 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
11 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. 69.1% of homes here sold below asking price last month.
Summary: A total of 188 homes were sold or pending in Myakka City in March 2024, up by 7.4% month-over-month. Of the 188 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 59 Days | +2.1% |
Summary: Homes in Myakka City had an average of 59 days on market in Mar 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
44 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 March 2024, 188 homes were sold in Myakka City; 45% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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