Is TownCenter East, 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, TownCenter East was a Seller's Market.
Key Takeaway
TownCenter East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in TownCenter East, FL
How much do homes in TownCenter East, FL cost?
Median Sold Price
$400,000
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in TownCenter East have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in TownCenter East was $400,000 in April 2024, up 14.2% from last year, and the median price per square foot was $222.
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 | $315K | $302.5K | -4.0% |
| 4 Bedrooms | $410K | $431.8K | +5.3% |
| 5+ Bedrooms | $429.9K | $565K | +31.4% |
Summary: TownCenter East 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 4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 31.4%.
Median Sold Price Compared To Nearby Neighborhoods
| TownCenter East | $350.3K | $400K | +14.2% |
| Terrace Ridge at TownCenter | $234K | $260K | +11.1% |
| Pinewood Country Estates | $459K | $410K | -10.7% |
Housing Supply in TownCenter East, FL
How many homes are available in TownCenter East, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Summary: The TownCenter East real estate market had 36 homes for sale in April 2024, a 12.5% 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 | 9 | 9 | 0.0% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The TownCenter East 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 40%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in TownCenter East, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in TownCenter East in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for TownCenter East, FL
How long does it take to sell a home in TownCenter East, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 84 Days | +100.2% |
Summary: Homes in TownCenter East had an average of 84 days on market in Apr 2024, up by 100.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in TownCenter East are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in TownCenter East; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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