Is Zephyrhills, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Zephyrhills is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Zephyrhills has remained a Seller's Market.

Key Takeaway

Zephyrhills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Zephyrhills, FL

How much do homes in Zephyrhills, FL cost?

Median Sold Price

$314,907

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$32,537(+11.5%)

Key Takeaway

Homes in Zephyrhills have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in Zephyrhills was $314,907 in May 2024, up 11.5% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $142.5K$86K
-39.6%
2 $190K$174.9K
-7.9%
3 $298.4K$309.6K
+3.7%
4 $364.9K$374K
+2.5%
5+ $399K$401K
0.5%

Summary: Zephyrhills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.6%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 0.5%.

Housing Supply in Zephyrhills, FL

How many homes are available in Zephyrhills, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
531492-7.3%

Summary: The Zephyrhills real estate market had 492 homes for sale in May 2024, a 7.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 45
+25.0%
2 130103
-20.8%
3 189179
-5.3%
4 142146
+2.8%
5+ 6659
-10.6%

Summary: The Zephyrhills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 20.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 10.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
122137+12.3%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

70 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Zephyrhills, expect to pay close to the asking price. 51.1% of homes here sold near the asking price last month.

Summary: A total of 137 homes were sold or pending in Zephyrhills in May 2024, up by 12.3% month-over-month. Of the 137 sold homes, 39% were sold under asking, 51% were sold at asking, and 10% were sold over asking.

Days on Market for Zephyrhills, FL

How long does it take to sell a home in Zephyrhills, FL?

Average Sale Time

May 2023May 2024CHANGE
48 Days32 Days-33.0%

Summary: Homes in Zephyrhills had an average of 32 days on market in May 2024, down by 33% compared to last year.

Breakdown of Home Sale Times

94 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Zephyrhills are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 137 homes were sold in Zephyrhills; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

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