Is North Gate Village, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, North Gate Village was a Neutral Market.
Key Takeaway
North Gate Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Gate Village, FL
How much do homes in North Gate Village, FL cost?
Median Sold Price
$399,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Gate Village have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in North Gate Village was $399,000 in April 2024, up 8.4% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $337K | $331.4K | -1.6% |
| 3 Bedrooms | $378.5K | $410K | +8.3% |
| 4 Bedrooms | $470K | $497.4K | +5.8% |
| 5+ Bedrooms | $475K | - | N/A |
Summary: North Gate Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| North Gate Village | $368K | $399K | +8.4% |
| Homestead Lakes | $365K | $394.7K | +8.2% |
| The Isles at Oasis | $455K | $470K | +3.3% |
Housing Supply in North Gate Village, FL
How many homes are available in North Gate Village, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The North Gate Village real estate market had 22 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Gate Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Gate Village, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in North Gate Village in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for North Gate Village, FL
How long does it take to sell a home in North Gate Village, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 22 Days | +41.9% |
Summary: Homes in North Gate Village had an average of 22 days on market in Apr 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Gate Village are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in North Gate Village; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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