Is Tavares, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2022
Since last year, Tavares has remained a Seller's Market.
Key Takeaway
Tavares is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Tavares, FL cost?
Median Sold Price
$332,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2022
+$76,500(+29.9%)
Key Takeaway
Homes in Tavares have sold for 29.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Feb 2022 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | $68.5K | $92K | +34.3% |
| 2 Bedrooms | $190K | $208.4K | +9.7% |
| 3 Bedrooms | $255K | $315K | +23.5% |
| 4 Bedrooms | $300K | $372.4K | +24.2% |
| 5+ Bedrooms | $361K | $384.9K | +6.6% |
Median Sold Price Compared To Nearby Cities
| Tavares | $255.5K | $332K | +29.9% |
| Eustis | $265K | $322.9K | +21.9% |
| Leesburg East | $270K | $310K | +14.8% |
How many homes are available in Tavares, FL?
Number of Homes For Sale
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 142 | 167 | +17.6% |
Homes For Sale By Bedroom Count
| # BEDS | Jan 2023 | Feb 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 22 | 31 | +40.9% |
| 3 Bedrooms | 70 | 94 | +34.3% |
| 4 Bedrooms | 37 | 31 | -16.2% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Number of Homes Sold
| Jan 2023 | Feb 2023 | % |
|---|---|---|
| 16 | 32 | +100.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tavares, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Average Sale Time
| Feb 2022 | Feb 2023 | % |
|---|---|---|
| 51 Days | 68 Days | +32.0% |
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tavares has remained consistent over time.
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