Is 32205, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 32205 was a Seller's Market.
Key Takeaway
32205 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 32205, FL
How much do homes in 32205, FL cost?
Median Sold Price
$280,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in 32205 has remained the same since last year.
Summary: The median home sold price in 32205 was $280,000 in May 2024, up 0.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124K | $144K | +16.1% |
| 2 Bedrooms | $255K | $248K | -2.7% |
| 3 Bedrooms | $276.2K | $280K | +1.4% |
| 4 Bedrooms | $345K | $321K | -7.0% |
| 5+ Bedrooms | $380K | $700K | +84.2% |
Summary: 32205 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 84.2%.
Housing Supply in 32205, FL
How many homes are available in 32205, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 280 | 293 | +4.6% |
Summary: The 32205 real estate market had 293 homes for sale in May 2024, a 4.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 44 | 52 | +18.2% |
| 3 Bedrooms | 159 | 159 | 0.0% |
| 4 Bedrooms | 60 | 62 | +3.3% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The 32205 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 66 | 45 | -31.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32205, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 32205 in May 2024, down by 31.8% month-over-month. Of the 45 sold homes, 56% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for 32205, FL
How long does it take to sell a home in 32205, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 38 Days | -33.3% |
Summary: Homes in 32205 had an average of 38 days on market in May 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32205 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 45 homes were sold in 32205; 51% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.