Is Satsuma, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Satsuma was a Neutral Market.
Key Takeaway
Satsuma is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Satsuma, FL
How much do homes in Satsuma, FL cost?
Median Sold Price
$119,900
$129/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Satsuma have sold for 52% less than they did a month ago.
Summary: The median home sold price in Satsuma was $119,900 in April 2024, down 52% from last month, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125.5K | - | N/A |
| 2 Bedrooms | $197.5K | $110K | -44.3% |
| 3 Bedrooms | $755.4K | $694K | -8.1% |
| 4 Bedrooms | $235K | - | N/A |
| 5+ Bedrooms | - | $275K | N/A |
Summary: Satsuma 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 44.3%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Satsuma | $250K | $119.9K | -52.0% |
| San Mateo | $241K | $77.4K | -67.9% |
Housing Supply in Satsuma, FL
How many homes are available in Satsuma, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 43 | +4.9% |
Summary: The Satsuma real estate market had 43 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Satsuma 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 increased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Satsuma, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Satsuma in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Satsuma, FL
How long does it take to sell a home in Satsuma, FL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 Days | 55 Days | -25.4% |
Summary: Homes in Satsuma had an average of 55 days on market in Apr 2024, down by 25.4% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Satsuma are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Satsuma; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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