Is The Fairways at Silver Springs Shores Condominiums, 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, The Fairways at Silver Springs Shores Condominiums has remained a Buyer's Market.
Key Takeaway
The Fairways at Silver Springs Shores Condominiums is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Fairways at Silver Springs Shores Condominiums, FL
How much do homes in The Fairways at Silver Springs Shores Condominiums, FL cost?
Median Sold Price
$130,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in The Fairways at Silver Springs Shores Condominiums have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in The Fairways at Silver Springs Shores Condominiums was $130,000 in April 2024, up 9.2% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.9K | $91K | -8.0% |
| 2 Bedrooms | $117.2K | $132.4K | +13.0% |
| 3 Bedrooms | $132.5K | - | N/A |
| 4 Bedrooms | - | $225K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: The Fairways at Silver Springs Shores Condominiums housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 13%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| The Fairways at Silver Springs Shores Condominiums | $119K | $130K | +9.2% |
| Silver Springs Shores | $252.9K | $249.9K | -1.2% |
Housing Supply in The Fairways at Silver Springs Shores Condominiums, FL
How many homes are available in The Fairways at Silver Springs Shores Condominiums, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 26 | +4.0% |
Summary: The The Fairways at Silver Springs Shores Condominiums real estate market had 26 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Fairways at Silver Springs Shores Condominiums housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Fairways at Silver Springs Shores Condominiums, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in The Fairways at Silver Springs Shores Condominiums in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for The Fairways at Silver Springs Shores Condominiums, FL
How long does it take to sell a home in The Fairways at Silver Springs Shores Condominiums, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 97 Days | 16 Days | -83.5% |
Summary: Homes in The Fairways at Silver Springs Shores Condominiums had an average of 16 days on market in Apr 2024, down by 83.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Fairways at Silver Springs Shores Condominiums are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in The Fairways at Silver Springs Shores Condominiums; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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