Is Seminole County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Seminole County has remained a Seller's Market.
Key Takeaway
Seminole County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seminole County, FL
How much do homes in Seminole County, FL cost?
Median Sold Price
$399,955
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Seminole County have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Seminole County was $399,955 in March 2024, up 4.2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143K | $154.2K | +7.9% |
| 2 Bedrooms | $230.2K | $244.5K | +6.2% |
| 3 Bedrooms | $355.8K | $369.9K | +4.0% |
| 4 Bedrooms | $500K | $515.8K | +3.2% |
| 5+ Bedrooms | $735K | $765K | +4.1% |
Summary: Seminole County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Counties
| Orange County | $392.9K | $412.7K | +5.0% |
| Seminole County | $383.8K | $399.9K | +4.2% |
| Volusia County | $334.9K | $345.6K | +3.2% |
| Lake County | $371.7K | $367.6K | -1.1% |
Housing Supply in Seminole County, FL
How many homes are available in Seminole County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,829 | 1,850 | +1.1% |
Summary: The Seminole County real estate market had 1,850 homes for sale in March 2024, a 1.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 94 | 100 | +6.4% |
| 2 Bedrooms | 290 | 299 | +3.1% |
| 3 Bedrooms | 750 | 737 | -1.7% |
| 4 Bedrooms | 536 | 549 | +2.4% |
| 5+ Bedrooms | 159 | 165 | +3.8% |
Summary: The Seminole County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 417 | 406 | -2.6% |
Asking Price vs. Sold Price
250 Homes Were Sold
Under Asking
96 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seminole County, you may be able to get a good deal. 61.6% of homes here sold below asking price last month.
Summary: A total of 406 homes were sold or pending in Seminole County in March 2024, down by 2.6% month-over-month. Of the 406 sold homes, 62% were sold under asking, 24% were sold at asking, and 15% were sold over asking.
Days on Market for Seminole County, FL
How long does it take to sell a home in Seminole County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 42 Days | -5.9% |
Summary: Homes in Seminole County had an average of 42 days on market in Mar 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
228 Homes Were Sold
Under 30 Days
117 Homes Were Sold
In 30 - 90 Days
61 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seminole County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 406 homes were sold in Seminole County; 56% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.