Is Pahokee, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pahokee is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Pahokee has remained a Seller's Market.

Key Takeaway

Pahokee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pahokee, FL

How much do homes in Pahokee, FL cost?

Median Sold Price

$96,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$114,000(-54.3%)

Key Takeaway

Homes in Pahokee have sold for 54.3% less than they did a year ago.

Summary: The median home sold price in Pahokee was $96,000 in May 2024, down 54.3% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $141.5K$110K
-22.3%
3 $205K$96K
-53.2%
4 $260K$85K
-67.3%
5+ $307.5K-
N/A

Summary: Pahokee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.3%, 3 bedroom homes decreased by 53.2%, 4 bedroom homes decreased by 67.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Belle Glade-Pahokee
-4.7%
Pahokee
-54.3%

Housing Supply in Pahokee, FL

How many homes are available in Pahokee, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1114+27.3%

Summary: The Pahokee real estate market had 14 homes for sale in May 2024, a 27.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1012
+20.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Pahokee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
05+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pahokee, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Pahokee in May 2024, up by 100.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pahokee, FL

How long does it take to sell a home in Pahokee, FL?

Average Sale Time

May 2023May 2024CHANGE
17 Days26 Days+55.3%

Summary: Homes in Pahokee had an average of 26 days on market in May 2024, up by 55.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Pahokee; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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 12 Days Ago

Newest Listings in Pahokee, FL

Nearby Markets to Pahokee, FL

What housing markets are near Pahokee, FL?