Is Sunshine Parkway, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunshine Parkway is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Sunshine Parkway was a Seller's Market.

Key Takeaway

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

Housing Prices in Sunshine Parkway, FL

How much do homes in Sunshine Parkway, FL cost?

Median Sold Price

$613,843

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$40,974(+7.2%)

Key Takeaway

Homes in Sunshine Parkway have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Sunshine Parkway was $613,843 in May 2024, up 7.2% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $125K$125K
0.0%
2 $291.7K$315.1K
+8.0%
3 $539.7K$567.6K
+5.2%
4 $769.2K$793.7K
+3.2%
5+ $1.1M$1.1M
-0.4%

Summary: Sunshine Parkway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Cities

Coconut Creek
+8.8%
Sunshine Parkway
+7.2%
Royal Palm Beach
+6.5%
Wellington
+4.5%
Boynton Beach-Delray Beach
+4.1%

Housing Supply in Sunshine Parkway, FL

How many homes are available in Sunshine Parkway, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,9732,072+5.0%

Summary: The Sunshine Parkway real estate market had 2,072 homes for sale in May 2024, a 5.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 9497
+3.2%
2 516528
+2.3%
3 612623
+1.8%
4 387442
+14.2%
5+ 364382
+4.9%

Summary: The Sunshine Parkway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 4.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
314284-9.6%

Asking Price vs. Sold Price

230 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunshine Parkway, you may be able to get a good deal. 81% of homes here sold below asking price last month.

Summary: A total of 284 homes were sold or pending in Sunshine Parkway in May 2024, down by 9.6% month-over-month. Of the 284 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% were sold over asking.

Days on Market for Sunshine Parkway, FL

How long does it take to sell a home in Sunshine Parkway, FL?

Average Sale Time

May 2023May 2024CHANGE
47 Days60 Days+27.9%

Summary: Homes in Sunshine Parkway had an average of 60 days on market in May 2024, up by 27.9% compared to last year.

Breakdown of Home Sale Times

117 Homes Were Sold
Under 30 Days

103 Homes Were Sold
In 30 - 90 Days

64 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sunshine Parkway are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 284 homes were sold in Sunshine Parkway; 41% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 23% 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 16 Days Ago

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