Is Southchase, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southchase has remained a Seller's Market.
Key Takeaway
Southchase is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southchase, FL
How much do homes in Southchase, FL cost?
Median Sold Price
$431,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southchase have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Southchase was $431,000 in April 2024, up 5.4% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $254.9K | $270K | +5.9% |
| 3 Bedrooms | $380K | $388.5K | +2.2% |
| 4 Bedrooms | $444.9K | $472.5K | +6.2% |
| 5+ Bedrooms | $530K | $546.6K | +3.1% |
Summary: Southchase housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Falcon Trace | $460.5K | $509K | +10.5% |
| Southchase | $409K | $431K | +5.4% |
Housing Supply in Southchase, FL
How many homes are available in Southchase, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 41 | -10.9% |
Summary: The Southchase real estate market had 41 homes for sale in April 2024, a 10.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Southchase 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 decreased by 13.6%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
7 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 Southchase, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Southchase in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Southchase, FL
How long does it take to sell a home in Southchase, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 124 Days | +315.9% |
Summary: Homes in Southchase had an average of 124 days on market in Apr 2024, up by 315.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southchase has remained consistent over time.
Summary: During April 2024, 9 homes were sold in Southchase; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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