Is Verandahs / Pine Ridge at Sugar Creek, 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, Verandahs / Pine Ridge at Sugar Creek was a Seller's Market.
Key Takeaway
Verandahs / Pine Ridge at Sugar Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Verandahs / Pine Ridge at Sugar Creek, FL
How much do homes in Verandahs / Pine Ridge at Sugar Creek, FL cost?
Median Sold Price
$320,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Verandahs / Pine Ridge at Sugar Creek have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Verandahs / Pine Ridge at Sugar Creek was $320,000 in April 2024, down 4.6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $140K | -15.2% |
| 3 Bedrooms | $317K | $283.8K | -10.5% |
| 4 Bedrooms | $374K | $359K | -4.0% |
| 5+ Bedrooms | $400K | $357.7K | -10.6% |
Summary: Verandahs / Pine Ridge at Sugar Creek 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 decreased by 15.2%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 10.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Meadow Oaks | $282K | $280K | -0.7% |
| Quail Ridge | $406.4K | $392.2K | -3.5% |
| Verandahs / Pine Ridge at Sugar Creek | $335.5K | $320K | -4.6% |
Housing Supply in Verandahs / Pine Ridge at Sugar Creek, FL
How many homes are available in Verandahs / Pine Ridge at Sugar Creek, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Summary: The Verandahs / Pine Ridge at Sugar Creek real estate market had 22 homes for sale in April 2024, a 29.4% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Verandahs / Pine Ridge at Sugar Creek 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Verandahs / Pine Ridge at Sugar Creek, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Verandahs / Pine Ridge at Sugar Creek in April 2024, up by 100.0% 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 Verandahs / Pine Ridge at Sugar Creek, FL
How long does it take to sell a home in Verandahs / Pine Ridge at Sugar Creek, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 113 Days | 17 Days | -84.6% |
Summary: Homes in Verandahs / Pine Ridge at Sugar Creek had an average of 17 days on market in Apr 2024, down by 84.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Verandahs / Pine Ridge at Sugar Creek are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Verandahs / Pine Ridge at Sugar Creek; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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