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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Zephyrhills is a neutral's market

Buyer's
Market

Difference Since September 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

$338,240

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$47,276(+16.2%)

Key Takeaway

Homes in Zephyrhills have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in Zephyrhills was $338,240 in September 2024, up 16.2% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $165K$87K
-47.3%
2 $175K$196K
+12.0%
3 $300K$313.4K
+4.5%
4 $360.2K$379.9K
+5.5%
5+ $391.2K$416.7K
+6.5%

Summary: Zephyrhills housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.3%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 6.5%.

Housing Supply in Zephyrhills, FL

How many homes are available in Zephyrhills, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
508433-14.8%

Summary: The Zephyrhills real estate market had 433 homes for sale in September 2024, a 14.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 44
0.0%
2 7872
-7.7%
3 191150
-21.5%
4 164146
-11.0%
5+ 7161
-14.1%

Summary: The Zephyrhills housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 21.5%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes decreased by 14.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
15166-56.3%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

44 Homes Were Sold
At Asking

3 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. 66.7% of homes here sold near the asking price last month.

Summary: A total of 66 homes were sold or pending in Zephyrhills in September 2024, down by 56.3% month-over-month. Of the 66 sold homes, 29% were sold under asking, 67% were sold at asking, and 5% 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

Sep 2023Sep 2024CHANGE
36 Days28 Days-21.4%

Summary: Homes in Zephyrhills had an average of 28 days on market in Sep 2024, down by 21.4% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

6 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 September 2024, 66 homes were sold in Zephyrhills; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% 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 30 Days Ago

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