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 seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Plant City, FL

How much do homes in Plant City, FL cost?

Median Sold Price

$364,754

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$35,287(+10.7%)

Key Takeaway

Homes in Plant City have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Plant City was $364,754 in March 2024, up 10.7% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $131K$167.5K
+27.9%
2 $230K$229.9K
0%
3 $315K$335K
+6.3%
4 $385K$416.6K
+8.2%
5+ $439.9K$468K
+6.4%

Summary: Plant City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Cities

Plant City
+10.7%
Lakeland
0.4%

Housing Supply in Plant City, FL

How many homes are available in Plant City, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
323333+3.1%

Summary: The Plant City real estate market had 333 homes for sale in March 2024, a 3.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 3240
+25.0%
3 143151
+5.6%
4 113109
-3.5%
5+ 3330
-9.1%

Summary: The Plant City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
7170-1.4%

Asking Price vs. Sold Price

38 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

10 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. 54.3% of homes here sold below asking price last month.

Summary: A total of 70 homes were sold or pending in Plant City in March 2024, down by 1.4% month-over-month. Of the 70 sold homes, 54% were sold under asking, 31% were sold at asking, and 14% 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

Mar 2023Mar 2024CHANGE
35 Days50 Days+39.9%

Summary: Homes in Plant City had an average of 50 days on market in Mar 2024, up by 39.9% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

16 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 March 2024, 70 homes were sold in Plant City; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% 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 18 Days Ago

Newest Listings in Plant City, FL

Nearby Markets to Plant City, FL

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