Is 32224, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 32224 has remained a Seller's Market.
Key Takeaway
32224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 32224, FL
How much do homes in 32224, FL cost?
Median Sold Price
$496,500
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 32224 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 32224 was $496,500 in May 2024, up 10.4% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | $176.5K | +8.6% |
| 2 Bedrooms | $240K | $255K | +6.3% |
| 3 Bedrooms | $418.5K | $440.2K | +5.2% |
| 4 Bedrooms | $717.5K | $749.4K | +4.5% |
| 5+ Bedrooms | $1.1M | $1.1M | -7.1% |
Summary: 32224 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in 32224, FL
How many homes are available in 32224, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 261 | 270 | +3.4% |
Summary: The 32224 real estate market had 270 homes for sale in May 2024, a 3.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 28 | 35 | +25.0% |
| 3 Bedrooms | 105 | 99 | -5.7% |
| 4 Bedrooms | 89 | 99 | +11.2% |
| 5+ Bedrooms | 32 | 31 | -3.1% |
Summary: The 32224 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 61 | -4.7% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32224, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in 32224 in May 2024, down by 4.7% month-over-month. Of the 61 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for 32224, FL
How long does it take to sell a home in 32224, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 49 Days | 30 Days | -38.0% |
Summary: Homes in 32224 had an average of 30 days on market in May 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32224 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 61 homes were sold in 32224; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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