Is Royal Poinciana, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Royal Poinciana was a Seller's Market.
Housing Prices in Royal Poinciana, FL
How much do homes in Royal Poinciana, FL cost?
Median Sold Price
$350,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Royal Poinciana was $350,000 in March 2024, up 9.4% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $165K | +1.5% |
2 Bedrooms | $385K | $350K | -9.1% |
3 Bedrooms | $435K | $430K | -1.1% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $487.5K | - | N/A |
Summary: Royal Poinciana housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Hollywood Lakes | $650K | $747.5K | +15.0% |
Royal Poinciana | $320K | $350K | +9.4% |
Park Side | $259.7K | $270K | +4.0% |
Central Business District | $647.9K | $664.5K | +2.6% |
Housing Supply in Royal Poinciana, FL
How many homes are available in Royal Poinciana, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 21 | -19.2% |
Summary: The Royal Poinciana real estate market had 21 homes for sale in March 2024, a 19.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 15 | 9 | -40.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Royal Poinciana housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Royal Poinciana in March 2024, down by 50.0% 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 Royal Poinciana, FL
How long does it take to sell a home in Royal Poinciana, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 104 Days | +38.7% |
Summary: Homes in Royal Poinciana had an average of 104 days on market in Mar 2024, up by 38.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Royal Poinciana; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.