Is Presidential Estates, 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, Presidential Estates has remained a Buyer's Market.
Key Takeaway
Presidential Estates is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Presidential Estates, FL
How much do homes in Presidential Estates, FL cost?
Median Sold Price
$265,000
$198/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Presidential Estates has remained the same since last year.
Summary: The median home sold price in Presidential Estates was $265,000 in April 2024, the same as last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $169K | +0.9% |
| 2 Bedrooms | $249K | $250K | 0.4% |
| 3 Bedrooms | $335K | $485K | +44.8% |
| 4 Bedrooms | $1.2M | $1.4M | +16.0% |
| 5+ Bedrooms | $1.6M | - | N/A |
Summary: Presidential Estates housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 44.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes did not change.
Housing Supply in Presidential Estates, FL
How many homes are available in Presidential Estates, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 122 | 144 | +18.0% |
Summary: The Presidential Estates real estate market had 144 homes for sale in April 2024, a 18.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 17 | +30.8% |
| 2 Bedrooms | 75 | 86 | +14.7% |
| 3 Bedrooms | 28 | 35 | +25.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Presidential Estates housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 13 | +116.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Presidential Estates, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Presidential Estates in April 2024, up by 116.7% month-over-month. Of the 13 sold homes, 85% were sold under asking, 15% were sold at asking, and 0% were sold over asking.
Days on Market for Presidential Estates, FL
How long does it take to sell a home in Presidential Estates, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 49 Days | +5.6% |
Summary: Homes in Presidential Estates had an average of 49 days on market in Apr 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Presidential Estates has remained consistent over time.
Summary: During April 2024, 13 homes were sold in Presidential Estates; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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