Is Zephyrhills, 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, 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
$296,300
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Zephyrhills has remained the same since last year.
Summary: The median home sold price in Zephyrhills was $296,300 in March 2024, down 0.2% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $131.5K | $87K | -33.8% |
| 2 Bedrooms | $195K | $166.5K | -14.6% |
| 3 Bedrooms | $300K | $299.9K | 0% |
| 4 Bedrooms | $378K | $368K | -2.6% |
| 5+ Bedrooms | $455.4K | $398.9K | -12.4% |
Summary: Zephyrhills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.8%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 12.4%.
Housing Supply in Zephyrhills, FL
How many homes are available in Zephyrhills, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 538 | 541 | +0.6% |
Summary: The Zephyrhills real estate market had 541 homes for sale in March 2024, a 0.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 205 | 210 | +2.4% |
| 3 Bedrooms | 172 | 178 | +3.5% |
| 4 Bedrooms | 101 | 101 | 0.0% |
| 5+ Bedrooms | 51 | 42 | -17.6% |
Summary: The Zephyrhills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 126 | 104 | -17.5% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Zephyrhills, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 104 homes were sold or pending in Zephyrhills in March 2024, down by 17.5% month-over-month. Of the 104 sold homes, 54% were sold under asking, 39% were sold at asking, and 7% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 47 Days | -16.4% |
Summary: Homes in Zephyrhills had an average of 47 days on market in Mar 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Zephyrhills are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 104 homes were sold in Zephyrhills; 54% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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