Is The Falls, 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 Falls has remained a Seller's Market.
Housing Prices in The Falls, FL
How much do homes in The Falls, FL cost?
Median Sold Price
$840,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Falls was $840,000 in April 2024, down 18.7% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230.9K | $269K | +16.5% |
2 Bedrooms | $339K | $320K | -5.6% |
3 Bedrooms | $725K | $750K | +3.4% |
4 Bedrooms | $1.1M | $1.1M | -3.5% |
5+ Bedrooms | $1.3M | $1.5M | +17.7% |
Summary: The Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Neighborhoods
Richmond | $456K | $515.6K | +13.1% |
The Falls | $1.0M | $840K | -18.7% |
Housing Supply in The Falls, FL
How many homes are available in The Falls, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 31 | -6.1% |
Summary: The The Falls real estate market had 31 homes for sale in April 2024, a 6.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The The Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in The Falls in April 2024, up by 83.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for The Falls, FL
How long does it take to sell a home in The Falls, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 38 Days | -23.3% |
Summary: Homes in The Falls had an average of 38 days on market in Apr 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in The Falls; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.