Is Summertree, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Summertree was a Seller's Market.
Key Takeaway
Summertree is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Summertree, FL
How much do homes in Summertree, FL cost?
Median Sold Price
$270,062
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Summertree have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Summertree was $270,062 in April 2024, up 7.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $109.5K | $124.7K | +13.9% |
| 2 Bedrooms | $221.4K | $178.5K | -19.4% |
| 3 Bedrooms | $329K | $328.7K | -0.1% |
| 4 Bedrooms | $449.5K | $434K | -3.4% |
| 5+ Bedrooms | $775K | $645K | -16.8% |
Summary: Summertree housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes decreased by 19.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Summertree | $251K | $270K | +7.6% |
| Verandahs / Pine Ridge at Sugar Creek | $335.5K | $320K | -4.6% |
| Hidden Lakes | $470K | $447.5K | -4.8% |
| Moon Lake | $240K | $198.4K | -17.3% |
Housing Supply in Summertree, FL
How many homes are available in Summertree, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 56 | +5.7% |
Summary: The Summertree real estate market had 56 homes for sale in April 2024, a 5.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 9 | +80.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Summertree housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summertree, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Summertree in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Summertree, FL
How long does it take to sell a home in Summertree, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 66 Days | +77.9% |
Summary: Homes in Summertree had an average of 66 days on market in Apr 2024, up by 77.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Summertree has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Summertree; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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