Is Residences at The Falls, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Residences at The Falls is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Residences at The Falls was a Neutral Market.

Key Takeaway

Residences at The Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Residences at The Falls, FL

How much do homes in Residences at The Falls, FL cost?

Median Sold Price

$230,000

$277/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$30,000(-11.5%)

Key Takeaway

Homes in Residences at The Falls have sold for 11.5% less than they did a month ago.

Summary: The median home sold price in Residences at The Falls was $230,000 in April 2024, down 11.5% from last month, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$215K
N/A
2 $260K$245K
-5.8%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Residences at The Falls housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Residences at The Falls, FL

How many homes are available in Residences at The Falls, FL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
65-16.7%

Summary: The Residences at The Falls real estate market had 5 homes for sale in April 2024, a 16.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 43
-25.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Residences at The Falls 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Residences at The Falls, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Residences at The Falls in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Residences at The Falls, FL

How long does it take to sell a home in Residences at The Falls, FL?

Average Sale Time

Mar 2024Apr 2024CHANGE
98 Days36 Days-63.3%

Summary: Homes in Residences at The Falls had an average of 36 days on market in Apr 2024, down by 63.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Residences at The Falls are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Residences at The Falls; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

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