Is Wildwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Wildwood has remained a Seller's Market.
Key Takeaway
Wildwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Wildwood, FL cost?
Median Sold Price
$305,170
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Wildwood have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Wildwood was $305,170 in August 2023, down 1.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $225.1K | $213.5K | -5.2% |
| 3 Bedrooms | $315K | $315K | 0.0% |
| 4 Bedrooms | $370K | $359.9K | -2.7% |
| 5+ Bedrooms | $260K | $354.9K | +36.5% |
Summary: Wildwood housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 36.5%.
Median Sold Price Compared To Nearby Cities
| Leesburg | $265.3K | $298.5K | +12.5% |
| Oxford | $325K | $355.2K | +9.3% |
| The Villages | $363.5K | $377.8K | +3.9% |
| Wildwood | $309.4K | $305.1K | -1.4% |
Housing Supply
How many homes are available in Wildwood, FL?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 234 | 224 | -4.3% |
Summary: The Wildwood real estate market had 224 homes for sale in August 2023, a 4.3% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 55 | 59 | +7.3% |
| 3 Bedrooms | 138 | 128 | -7.2% |
| 4 Bedrooms | 36 | 30 | -16.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Wildwood housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 36 | 49 | +36.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wildwood, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Wildwood in August 2023, up by 36.1% month-over-month. Of the 49 sold homes, 53% were sold under asking, 39% were sold at asking, and 8% were sold over asking.
Days on Market
How long does it take to sell a home in Wildwood, FL?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 24 Days | 95 Days | +292.7% |
Summary: Homes in Wildwood had an average of 95 days on market in Aug 2023, up by 292.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Wildwood are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2023, 49 homes were sold in Wildwood; 37% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
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