Is Sunset West, 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, Sunset West was a Seller's Market.
Key Takeaway
Sunset West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sunset West, FL
How much do homes in Sunset West, FL cost?
Median Sold Price
$691,500
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sunset West have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Sunset West was $691,500 in April 2024, down 1.1% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $310K | $253.7K | -18.1% |
| 3 Bedrooms | $600K | $656K | +9.3% |
| 4 Bedrooms | $755K | $812.5K | +7.6% |
| 5+ Bedrooms | $1.4M | $1.2M | -10.7% |
Summary: Sunset West 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 decreased by 18.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Sunset Park | $595K | $692.5K | +16.4% |
| Sunset West | $699K | $691.5K | -1.1% |
Housing Supply in Sunset West, FL
How many homes are available in Sunset West, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 46 | 0.0% |
Summary: The Sunset West real estate market had 46 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Sunset West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
4 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 Sunset West, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Sunset West in April 2024, down by 60.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sunset West, FL
How long does it take to sell a home in Sunset West, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 74 Days | 31 Days | -57.6% |
Summary: Homes in Sunset West had an average of 31 days on market in Apr 2024, down by 57.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunset West are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Sunset West; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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