Is Terrace Ridge at TownCenter, 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, Terrace Ridge at TownCenter has remained a Seller's Market.
Housing Prices in Terrace Ridge at TownCenter, FL
How much do homes in Terrace Ridge at TownCenter, FL cost?
Median Sold Price
$260,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Terrace Ridge at TownCenter was $260,000 in April 2024, up 11.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $246K | +7.0% |
3 Bedrooms | $268.9K | $267.4K | -0.6% |
4 Bedrooms | - | $293K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Terrace Ridge at TownCenter 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 7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
TownCenter East | $350.3K | $400K | +14.2% |
Terrace Ridge at TownCenter | $234K | $260K | +11.1% |
Housing Supply in Terrace Ridge at TownCenter, FL
How many homes are available in Terrace Ridge at TownCenter, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Summary: The Terrace Ridge at TownCenter real estate market had 12 homes for sale in April 2024, a 20.0% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Terrace Ridge at TownCenter 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 increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Terrace Ridge at TownCenter in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Terrace Ridge at TownCenter, FL
How long does it take to sell a home in Terrace Ridge at TownCenter, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
0 Days | 105 Days | +20900.0% |
Summary: Homes in Terrace Ridge at TownCenter had an average of 105 days on market in Apr 2024, up by 20900% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Terrace Ridge at TownCenter; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.