Is Urban Core, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Urban Core was a Seller's Market.
Key Takeaway
Urban Core is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Urban Core, FL
How much do homes in Urban Core, FL cost?
Median Sold Price
$154,498
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Urban Core has remained the same since last year.
Summary: The median home sold price in Urban Core was $154,498 in March 2024, down 0.3% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231K | $153K | -33.8% |
| 2 Bedrooms | $125K | $106K | -15.2% |
| 3 Bedrooms | $144.8K | $144.1K | -0.5% |
| 4 Bedrooms | $180K | $204.5K | +13.6% |
| 5+ Bedrooms | $220K | $250K | +13.6% |
Summary: Urban Core housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.8%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Springfield | $330.6K | $365K | +10.4% |
| Springfield | $381.5K | $395K | +3.5% |
| Urban Core | $155K | $154.4K | -0.3% |
Housing Supply in Urban Core, FL
How many homes are available in Urban Core, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 281 | 314 | +11.7% |
Summary: The Urban Core real estate market had 314 homes for sale in March 2024, a 11.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 52 | 60 | +15.4% |
| 3 Bedrooms | 135 | 150 | +11.1% |
| 4 Bedrooms | 51 | 57 | +11.8% |
| 5+ Bedrooms | 30 | 32 | +6.7% |
Summary: The Urban Core housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Urban Core, you may be able to get a good deal. 59.4% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Urban Core in March 2024, up by 18.5% month-over-month. Of the 32 sold homes, 59% were sold under asking, 9% were sold at asking, and 31% were sold over asking.
Days on Market for Urban Core, FL
How long does it take to sell a home in Urban Core, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 68 Days | +9.3% |
Summary: Homes in Urban Core had an average of 68 days on market in Mar 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Urban Core are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in Urban Core; 44% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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