Is Tropical Estates, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Tropical Estates has remained a Seller's Market.
Housing Prices in Tropical Estates, FL
How much do homes in Tropical Estates, FL cost?
Median Sold Price
$591,250
$456/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Tropical Estates was $591,250 in April 2024, up 2.8% from last month, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $603.1K | $591.2K | -2.0% |
4 Bedrooms | $558.5K | - | N/A |
5+ Bedrooms | $575K | - | N/A |
Summary: Tropical Estates housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Tropical Estates, FL
How many homes are available in Tropical Estates, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Summary: The Tropical Estates real estate market had 10 homes for sale in April 2024, a 16.7% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Tropical Estates 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Tropical Estates in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Tropical Estates, FL
How long does it take to sell a home in Tropical Estates, FL?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 47 Days | +34.4% |
Summary: Homes in Tropical Estates had an average of 47 days on market in Apr 2024, up by 34.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Tropical Estates; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.