Is South Middle River, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Middle River was a Seller's Market.
Key Takeaway
South Middle River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Middle River, FL
How much do homes in South Middle River, FL cost?
Median Sold Price
$480,450
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Middle River have sold for 17% more than they did a year ago.
Summary: The median home sold price in South Middle River was $480,450 in March 2024, up 17% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227.5K | - | N/A |
| 2 Bedrooms | $390K | $443.7K | +13.8% |
| 3 Bedrooms | $470K | $498K | +6.0% |
| 4 Bedrooms | $490K | $535K | +9.2% |
| 5+ Bedrooms | $362.5K | - | N/A |
Summary: South Middle River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South Middle River | $410.5K | $480.4K | +17.0% |
| Middle River Terrace | $530K | $460K | -13.2% |
Housing Supply in South Middle River, FL
How many homes are available in South Middle River, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The South Middle River real estate market had 27 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Middle River housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Middle River, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in South Middle River in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Middle River, FL
How long does it take to sell a home in South Middle River, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 90 Days | +3.4% |
Summary: Homes in South Middle River had an average of 90 days on market in Mar 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Middle River has remained consistent over time.
Summary: During March 2024, 3 homes were sold in South Middle River; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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