Is Thonotosassa, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thonotosassa is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Thonotosassa was a Seller's Market.

Key Takeaway

Thonotosassa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Thonotosassa, FL

How much do homes in Thonotosassa, FL cost?

Median Sold Price

$368,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$42,000(-10.2%)

Key Takeaway

Homes in Thonotosassa have sold for 10.2% less than they did a year ago.

Summary: The median home sold price in Thonotosassa was $368,000 in May 2024, down 10.2% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $142.5K$150K
+5.3%
3 $302.5K$260K
-14.0%
4 $425K$780K
+83.5%
5+ $1.2M$1.0M
-20.0%

Summary: Thonotosassa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 83.5%, and 5+ bedroom homes decreased by 20%.

Median Sold Price Compared To Nearby Cities

Wesley Chapel
+4.1%
Seffner
+2.5%
Tampa
+1.2%
Dover
-3.6%
Thonotosassa
-10.2%

Housing Supply in Thonotosassa, FL

How many homes are available in Thonotosassa, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3243+34.4%

Summary: The Thonotosassa real estate market had 43 homes for sale in May 2024, a 34.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 69
+50.0%
4 1214
+16.7%
5+ 1015
+50.0%

Summary: The Thonotosassa housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thonotosassa, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Thonotosassa in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Thonotosassa, FL

How long does it take to sell a home in Thonotosassa, FL?

Average Sale Time

May 2023May 2024CHANGE
17 Days96 Days+465.7%

Summary: Homes in Thonotosassa had an average of 96 days on market in May 2024, up by 465.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Thonotosassa has remained consistent over time.

Summary: During May 2024, 6 homes were sold in Thonotosassa; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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