Is Seminole, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seminole is a buyer's market

Buyer's
Market

Difference Since January 2023

Since last year, Seminole has remained a Buyer's Market.

Key Takeaway

Seminole is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Seminole, FL

How much do homes in Seminole, FL cost?

Median Sold Price

$394,527

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$32,917(+9.1%)

Key Takeaway

Homes in Seminole have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Seminole was $394,527 in January 2024, up 9.1% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $129K$130K
+0.8%
2 $254.5K$296.3K
+16.4%
3 $449K$459K
+2.2%
4 $649.5K$637.5K
-1.8%
5+ $950K$900K
-5.3%

Summary: Seminole housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Cities

Seminole
+9.1%
Saint Petersburg
+8.7%
Boca Ciega
-3.7%

Housing Supply in Seminole, FL

How many homes are available in Seminole, FL?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
358415+15.9%

Summary: The Seminole real estate market had 415 homes for sale in January 2024, a 15.9% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 1723
+35.3%
2 126155
+23.0%
3 143158
+10.5%
4 5965
+10.2%
5+ 1314
+7.7%

Summary: The Seminole housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.3%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
6357-9.5%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seminole, you may be able to get a good deal. 75.4% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Seminole in January 2024, down by 9.5% month-over-month. Of the 57 sold homes, 75% were sold under asking, 12% were sold at asking, and 12% were sold over asking.

Days on Market for Seminole, FL

How long does it take to sell a home in Seminole, FL?

Average Sale Time

Jan 2023Jan 2024CHANGE
44 Days46 Days+5.0%

Summary: Homes in Seminole had an average of 46 days on market in Jan 2024, up by 5% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Seminole has remained consistent over time.

Summary: During January 2024, 57 homes were sold in Seminole; 40% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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