Is Royal Terrace, 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, Royal Terrace has remained a Seller's Market.
Housing Prices in Royal Terrace, FL
How much do homes in Royal Terrace, FL cost?
Median Sold Price
$160,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Royal Terrace was $160,000 in April 2024, up 44.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $84K | $100K | +19.0% |
3 Bedrooms | $119.7K | $165K | +37.8% |
4 Bedrooms | $112.5K | $171.5K | +52.4% |
5+ Bedrooms | - | - | N/A |
Summary: Royal Terrace housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 37.8%, 4 bedroom homes increased by 52.4%, and 5+ bedroom homes did not change.
Housing Supply in Royal Terrace, FL
How many homes are available in Royal Terrace, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Summary: The Royal Terrace real estate market had 13 homes for sale in April 2024, a 18.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 9 | -25.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Royal Terrace 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Royal Terrace in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Royal Terrace, FL
How long does it take to sell a home in Royal Terrace, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 15 Days | -45.0% |
Summary: Homes in Royal Terrace had an average of 15 days on market in Apr 2024, down by 45% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Royal Terrace; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.