Is Olympia / Sherwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Olympia / Sherwood has remained a Seller's Market.
Key Takeaway
Olympia / Sherwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olympia / Sherwood, FL
How much do homes in Olympia / Sherwood, FL cost?
Median Sold Price
$286,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Olympia / Sherwood have sold for 22.1% less than they did a year ago.
Summary: The median home sold price in Olympia / Sherwood was $286,000 in April 2024, down 22.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $261.2K | +4.5% |
| 3 Bedrooms | $387.7K | $283K | -27.0% |
| 4 Bedrooms | $460K | $410K | -10.9% |
| 5+ Bedrooms | $481.5K | $487.5K | +1.2% |
Summary: Olympia / Sherwood 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 increased by 4.5%, 3 bedroom homes decreased by 27%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Westminster | $385K | $449.9K | +16.9% |
| Centennial | $355K | $355K | 0.0% |
| Gateway | $431.7K | $421.1K | -2.5% |
| Olympia / Sherwood | $367.2K | $286K | -22.1% |
Housing Supply in Olympia / Sherwood, FL
How many homes are available in Olympia / Sherwood, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Olympia / Sherwood real estate market had 20 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Olympia / Sherwood 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olympia / Sherwood, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Olympia / Sherwood in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Olympia / Sherwood, FL
How long does it take to sell a home in Olympia / Sherwood, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 45 Days | +16.9% |
Summary: Homes in Olympia / Sherwood had an average of 45 days on market in Apr 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Olympia / Sherwood has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Olympia / Sherwood; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
