Is Southwest Glades, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Glades is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Southwest Glades was a Seller's Market.

Key Takeaway

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

Housing Prices in Southwest Glades, FL

How much do homes in Southwest Glades, FL cost?

Median Sold Price

$320,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$65,100(+25.5%)

Key Takeaway

Homes in Southwest Glades have sold for 25.5% more than they did a year ago.

Summary: The median home sold price in Southwest Glades was $320,000 in February 2024, up 25.5% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $220.9K$204K
-7.7%
3 $282K$324.7K
+15.1%
4 $282.4K$338.5K
+19.8%
5+ $360K-
N/A

Summary: Southwest Glades housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Southwest Glades
+25.5%
Northeast Glades
+1.2%

Housing Supply in Southwest Glades, FL

How many homes are available in Southwest Glades, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3934-12.8%

Summary: The Southwest Glades real estate market had 34 homes for sale in February 2024, a 12.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 02
+100.0%
2 21
-50.0%
3 2523
-8.0%
4 72
-71.4%
5+ 56
+20.0%

Summary: The Southwest Glades housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 71.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Glades, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Southwest Glades in February 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Southwest Glades, FL

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

Average Sale Time

Feb 2023Feb 2024CHANGE
45 Days88 Days+94.3%

Summary: Homes in Southwest Glades had an average of 88 days on market in Feb 2024, up by 94.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Southwest Glades has remained consistent over time.

Summary: During February 2024, 2 homes were sold in Southwest Glades; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in Southwest Glades, FL

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