Is Terrace Park & Five Towns, 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, Terrace Park & Five Towns was a Seller's Market.
Housing Prices in Terrace Park & Five Towns, FL
How much do homes in Terrace Park & Five Towns, FL cost?
Median Sold Price
$182,250
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Terrace Park & Five Towns was $182,250 in April 2024, down 10.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $136.8K | +1.4% |
2 Bedrooms | $230K | $219.9K | -4.4% |
3 Bedrooms | $402.5K | $424K | +5.3% |
4 Bedrooms | $500K | $493K | -1.4% |
5+ Bedrooms | - | - | N/A |
Summary: Terrace Park & Five Towns housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Parkside Villas | $308K | $367K | +19.2% |
Terrace Park & Five Towns | $203.7K | $182.2K | -10.6% |
Housing Supply in Terrace Park & Five Towns, FL
How many homes are available in Terrace Park & Five Towns, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
77 | 81 | +5.2% |
Summary: The Terrace Park & Five Towns real estate market had 81 homes for sale in April 2024, a 5.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 21 | -4.5% |
2 Bedrooms | 50 | 55 | +10.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Terrace Park & Five Towns housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 9 | -35.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Terrace Park & Five Towns in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Terrace Park & Five Towns, FL
How long does it take to sell a home in Terrace Park & Five Towns, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 69 Days | +20.9% |
Summary: Homes in Terrace Park & Five Towns had an average of 69 days on market in Apr 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Terrace Park & Five Towns; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.