Is Sunset Park, 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, Sunset Park has remained a Buyer's Market.
Key Takeaway
Sunset Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sunset Park, FL
How much do homes in Sunset Park, FL cost?
Median Sold Price
$1,187,500
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sunset Park have sold for 25% less than they did a year ago.
Summary: The median home sold price in Sunset Park was $1,187,500 in April 2024, down 25% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $623.9K | $850K | +36.2% |
| 3 Bedrooms | $779.5K | $865K | +11.0% |
| 4 Bedrooms | $1.4M | $1.1M | -16.5% |
| 5+ Bedrooms | $2.4M | $2.5M | +5.4% |
Summary: Sunset Park 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 36.2%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 16.5%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Sunset Park | $1.5M | $1.1M | -25.0% |
| Bel Mar Gardens | $1.1M | $722.5K | -37.1% |
Housing Supply in Sunset Park, FL
How many homes are available in Sunset Park, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 55 | +10.0% |
Summary: The Sunset Park real estate market had 55 homes for sale in April 2024, a 10.0% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 19 | 25 | +31.6% |
Summary: The Sunset Park 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 21.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 31.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunset Park, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Sunset Park in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Sunset Park, FL
How long does it take to sell a home in Sunset Park, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 60 Days | 37 Days | -38.3% |
Summary: Homes in Sunset Park had an average of 37 days on market in Apr 2024, down by 38.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sunset Park has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Sunset Park; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.