Is Florida, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Florida is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Florida, NY

How much do homes in Florida, NY cost?

Median Sold Price

$325,500

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$20,500(+6.7%)

Key Takeaway

Homes in Florida have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Florida was $325,500 in August 2024, up 6.7% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $255K$290K
+13.7%
2 $233K$300K
+28.8%
3 $315K$317.5K
+0.8%
4 $390K$560K
+43.6%
5+ $555K$500K
-9.9%

Summary: Florida housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 43.6%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Cities

Amsterdam
+7.3%
Florida
+6.7%
Glen
-1.3%

Housing Supply in Florida, NY

How many homes are available in Florida, NY?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
3231-3.1%

Summary: The Florida real estate market had 31 homes for sale in August 2024, a 3.1% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 47
+75.0%
3 1717
0.0%
4 95
-44.4%
5+ 11
0.0%

Summary: The Florida housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Florida, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Florida in August 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for Florida, NY

How long does it take to sell a home in Florida, NY?

Average Sale Time

Aug 2023Aug 2024CHANGE
21 Days25 Days+14.7%

Summary: Homes in Florida had an average of 25 days on market in Aug 2024, up by 14.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 8 homes were sold in Florida; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 13 Days Ago

Newest Listings in Florida, NY

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