Is West of Trail, 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, West of Trail was a Seller's Market.
Key Takeaway
West of Trail is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West of Trail, FL
How much do homes in West of Trail, FL cost?
Median Sold Price
$800,000
$460/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West of Trail have sold for 29.2% more than they did a year ago.
Summary: The median home sold price in West of Trail was $800,000 in April 2024, up 29.2% from last year, and the median price per square foot was $460.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357.2K | $300K | -16.0% |
| 2 Bedrooms | $497K | $465K | -6.5% |
| 3 Bedrooms | $875K | $875K | 0.0% |
| 4 Bedrooms | $2.4M | $2.1M | -13.8% |
| 5+ Bedrooms | $3.1M | $3.2M | +3.2% |
Summary: West of Trail housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Shoreland Woods | $677.5K | $1.8M | +165.7% |
| West of Trail | $618.9K | $800K | +29.2% |
Housing Supply in West of Trail, FL
How many homes are available in West of Trail, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 306 | 309 | +1.0% |
Summary: The West of Trail real estate market had 309 homes for sale in April 2024, a 1.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 21 | -4.5% |
| 2 Bedrooms | 88 | 87 | -1.1% |
| 3 Bedrooms | 98 | 106 | +8.2% |
| 4 Bedrooms | 71 | 69 | -2.8% |
| 5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The West of Trail housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West of Trail, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in West of Trail in April 2024, down by 2.2% month-over-month. Of the 45 sold homes, 89% were sold under asking, 9% were sold at asking, and 2% were sold over asking.
Days on Market for West of Trail, FL
How long does it take to sell a home in West of Trail, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 67 Days | +20.8% |
Summary: Homes in West of Trail had an average of 67 days on market in Apr 2024, up by 20.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West of Trail are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 45 homes were sold in West of Trail; 40% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.