Is Park East, 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, Park East has remained a Seller's Market.
Housing Prices in Park East, FL
How much do homes in Park East, FL cost?
Median Sold Price
$512,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Park East was $512,000 in April 2024, up 7.8% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $146.5K | +12.7% |
2 Bedrooms | $410K | $450K | +9.8% |
3 Bedrooms | $510K | $525K | +2.9% |
4 Bedrooms | $790K | $735K | -7.0% |
5+ Bedrooms | - | - | N/A |
Summary: Park East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Park East | $475K | $512K | +7.8% |
Highland Garden | $379K | $407.5K | +7.5% |
Hollywood Hills | $587.5K | $607.5K | +3.4% |
North Central | $294.5K | $257K | -12.7% |
Housing Supply in Park East, FL
How many homes are available in Park East, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Summary: The Park East real estate market had 35 homes for sale in April 2024, a 9.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Park East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Park East in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Park East, FL
How long does it take to sell a home in Park East, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 37 Days | -35.8% |
Summary: Homes in Park East had an average of 37 days on market in Apr 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Park East; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.