Is Secret Cove, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Secret Cove was a Seller's Market.
Key Takeaway
Secret Cove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Secret Cove, FL
How much do homes in Secret Cove, FL cost?
Median Sold Price
$245,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Secret Cove have sold for 2% less than they did a year ago.
Summary: The median home sold price in Secret Cove was $245,000 in April 2024, down 2% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.2K | $176K | +2.2% |
| 2 Bedrooms | $237.6K | $230K | -3.2% |
| 3 Bedrooms | $330K | $330K | 0.0% |
| 4 Bedrooms | $475K | $480K | +1.1% |
| 5+ Bedrooms | - | $390K | N/A |
Summary: Secret Cove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes did not change.
Housing Supply in Secret Cove, FL
How many homes are available in Secret Cove, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 76 | +20.6% |
Summary: The Secret Cove real estate market had 76 homes for sale in April 2024, a 20.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 20 | 26 | +30.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Secret Cove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 11 | +266.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Secret Cove, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Secret Cove in April 2024, up by 266.7% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for Secret Cove, FL
How long does it take to sell a home in Secret Cove, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 30 Days | -48.2% |
Summary: Homes in Secret Cove had an average of 30 days on market in Apr 2024, down by 48.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Secret Cove are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Secret Cove; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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