Is Paseo / Reflection Isles, 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, Paseo / Reflection Isles has remained a Seller's Market.
Key Takeaway
Paseo / Reflection Isles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Paseo / Reflection Isles, FL
How much do homes in Paseo / Reflection Isles, FL cost?
Median Sold Price
$463,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Paseo / Reflection Isles have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Paseo / Reflection Isles was $463,000 in April 2024, up 0.7% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $369.9K | $367K | -0.8% |
| 3 Bedrooms | $506.5K | $479K | -5.4% |
| 4 Bedrooms | $658K | $612K | -7.0% |
| 5+ Bedrooms | $720K | $790K | +9.7% |
Summary: Paseo / Reflection Isles 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 0.8%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Heritage Palms | $348.5K | $405K | +16.2% |
| Paseo / Reflection Isles | $459.9K | $463K | +0.7% |
| Colonial Country Club | $372.5K | $352.7K | -5.3% |
| Cross Creek | $316K | $281.5K | -10.9% |
Housing Supply in Paseo / Reflection Isles, FL
How many homes are available in Paseo / Reflection Isles, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 70 | +11.1% |
Summary: The Paseo / Reflection Isles real estate market had 70 homes for sale in April 2024, a 11.1% increase 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 | 17 | 23 | +35.3% |
| 3 Bedrooms | 30 | 33 | +10.0% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Paseo / Reflection Isles 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 35.3%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
11 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 Paseo / Reflection Isles, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Paseo / Reflection Isles in April 2024, up by 100.0% month-over-month. Of the 12 sold homes, 92% were sold under asking, 8% were sold at asking, and 0% were sold over asking.
Days on Market for Paseo / Reflection Isles, FL
How long does it take to sell a home in Paseo / Reflection Isles, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 55 Days | +358.3% |
Summary: Homes in Paseo / Reflection Isles had an average of 55 days on market in Apr 2024, up by 358.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Paseo / Reflection Isles has remained consistent over time.
Summary: During April 2024, 12 homes were sold in Paseo / Reflection Isles; 25% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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