Is Zephyrhills, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Zephyrhills was a Seller's Market.
Key Takeaway
Zephyrhills 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 Zephyrhills, FL
How much do homes in Zephyrhills, FL cost?
Median Sold Price
$319,688
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Zephyrhills have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Zephyrhills was $319,688 in June 2024, up 17.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $94.5K | -33.7% |
| 2 Bedrooms | $182.5K | $175K | -4.1% |
| 3 Bedrooms | $294K | $309.9K | +5.4% |
| 4 Bedrooms | $360K | $374.7K | +4.1% |
| 5+ Bedrooms | $395.9K | $407.4K | +2.9% |
Summary: Zephyrhills housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.7%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Zephyrhills, FL
How many homes are available in Zephyrhills, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 494 | 457 | -7.5% |
Summary: The Zephyrhills real estate market had 457 homes for sale in June 2024, a 7.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 90 | 90 | 0.0% |
| 3 Bedrooms | 175 | 169 | -3.4% |
| 4 Bedrooms | 158 | 140 | -11.4% |
| 5+ Bedrooms | 66 | 51 | -22.7% |
Summary: The Zephyrhills housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 22.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 156 | 69 | -55.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Zephyrhills, expect to pay close to the asking price. 60.9% of homes here sold near the asking price last month.
Summary: A total of 69 homes were sold or pending in Zephyrhills in June 2024, down by 55.8% month-over-month. Of the 69 sold homes, 35% were sold under asking, 61% were sold at asking, and 4% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 44 Days | 44 Days | 0.2% |
Summary: Homes in Zephyrhills had an average of 44 days on market in Jun 2024, up by 0.2% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Zephyrhills has remained consistent over time.
Summary: During June 2024, 69 homes were sold in Zephyrhills; 38% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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