Is Welaka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Welaka has remained a Seller's Market.
Housing Prices in Welaka, FL
How much do homes in Welaka, FL cost?
Median Sold Price
$269,990
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Welaka was $269,990 in March 2024, up 6.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | - | N/A |
2 Bedrooms | $303.5K | $293K | -3.5% |
3 Bedrooms | $245K | $235K | -4.1% |
4 Bedrooms | $249.9K | $262.9K | +5.2% |
5+ Bedrooms | $300.9K | $273.4K | -9.1% |
Summary: Welaka housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 9.1%.
Housing Supply in Welaka, FL
How many homes are available in Welaka, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 16 | -5.9% |
Summary: The Welaka real estate market had 16 homes for sale in March 2024, a 5.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 4 | 2 | -50.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Welaka housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Welaka in March 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Welaka, FL
How long does it take to sell a home in Welaka, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
146 Days | 163 Days | +11.6% |
Summary: Homes in Welaka had an average of 163 days on market in Mar 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Welaka; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.