Is Plant City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plant City is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Plant City was a Seller's Market.

Key Takeaway

Plant City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Plant City, FL

How much do homes in Plant City, FL cost?

Median Sold Price

$356,875

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$16,875(+5.0%)

Key Takeaway

Homes in Plant City have sold for 5% more than they did a year ago.

Summary: The median home sold price in Plant City was $356,875 in September 2024, up 5% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $159.9K$230K
+43.8%
2 $225K$244K
+8.4%
3 $324.9K$330K
+1.6%
4 $400.5K$429.9K
+7.3%
5+ $452K$480K
+6.2%

Summary: Plant City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Cities

Plant City
+5.0%
Lakeland
0.5%

Housing Supply in Plant City, FL

How many homes are available in Plant City, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
329317-3.6%

Summary: The Plant City real estate market had 317 homes for sale in September 2024, a 3.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 44
0.0%
2 3230
-6.3%
3 180153
-15.0%
4 8499
+17.9%
5+ 2931
+6.9%

Summary: The Plant City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 6.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
7050-28.6%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plant City, you may be able to get a good deal. 44% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Plant City in September 2024, down by 28.6% month-over-month. Of the 50 sold homes, 44% were sold under asking, 44% were sold at asking, and 12% were sold over asking.

Days on Market for Plant City, FL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
27 Days51 Days+86.1%

Summary: Homes in Plant City had an average of 51 days on market in Sep 2024, up by 86.1% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 50 homes were sold in Plant City; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% 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 30 Days Ago

Newest Listings in Plant City, FL

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