Is Ridge Manor, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ridge Manor has remained a Seller's Market.
Key Takeaway
Ridge Manor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridge Manor, FL
How much do homes in Ridge Manor, FL cost?
Median Sold Price
$280,426
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ridge Manor have sold for 8.1% less than they did a year ago.
Summary: The median home sold price in Ridge Manor was $280,426 in March 2024, down 8.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $138.4K | N/A |
| 2 Bedrooms | $215K | $219.5K | +2.1% |
| 3 Bedrooms | $300K | $277.1K | -7.6% |
| 4 Bedrooms | $377.5K | $345K | -8.6% |
| 5+ Bedrooms | $377K | $364.9K | -3.2% |
Summary: Ridge Manor housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Lacoochee | $277.5K | $335K | +20.7% |
| Ridge Manor | $305K | $280.4K | -8.1% |
| Bushnell-Center Hill | $275K | $240K | -12.7% |
Housing Supply in Ridge Manor, FL
How many homes are available in Ridge Manor, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 122 | 114 | -6.6% |
Summary: The Ridge Manor real estate market had 114 homes for sale in March 2024, a 6.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 75 | 68 | -9.3% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Ridge Manor housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 22 | -18.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ridge Manor, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Ridge Manor in March 2024, down by 18.5% month-over-month. Of the 22 sold homes, 59% were sold under asking, 36% were sold at asking, and 5% were sold over asking.
Days on Market for Ridge Manor, FL
How long does it take to sell a home in Ridge Manor, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 66 Days | +12.4% |
Summary: Homes in Ridge Manor had an average of 66 days on market in Mar 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ridge Manor are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 22 homes were sold in Ridge Manor; 36% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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