Is University Park, 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, University Park has remained a Seller's Market.
Key Takeaway
University Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in University Park, FL
How much do homes in University Park, FL cost?
Median Sold Price
$1,173,750
$444/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in University Park have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in University Park was $1,173,750 in April 2024, up 6.8% from last year, and the median price per square foot was $444.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $590K | - | N/A |
| 3 Bedrooms | $955.5K | $700K | -26.7% |
| 4 Bedrooms | $1.0M | $1.1M | +11.9% |
| 5+ Bedrooms | $2.0M | $2.2M | +9.6% |
Summary: University Park 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 did not change, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 9.6%.
Housing Supply in University Park, FL
How many homes are available in University Park, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The University Park real estate market had 27 homes for sale in April 2024, a 3.8% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The University Park 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 increased by 133.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +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
Key Takeaway
If you're buying a home in University Park, 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 University Park in April 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 University Park, FL
How long does it take to sell a home in University Park, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 15 Days | -68.4% |
Summary: Homes in University Park had an average of 15 days on market in Apr 2024, down by 68.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in University Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in University Park; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.