Is DeSoto County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, DeSoto County was a Seller's Market.
Key Takeaway
DeSoto County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in DeSoto County, FL
How much do homes in DeSoto County, FL cost?
Median Sold Price
$245,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in DeSoto County have sold for 2% less than they did a year ago.
Summary: The median home sold price in DeSoto County was $245,000 in April 2024, down 2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $297.5K | $270K | -9.2% |
| 2 Bedrooms | $188.7K | $183.5K | -2.8% |
| 3 Bedrooms | $278K | $280K | +0.7% |
| 4 Bedrooms | $345K | $283.5K | -17.8% |
| 5+ Bedrooms | $375K | $446K | +18.9% |
Summary: DeSoto County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Counties
| Sarasota County | $450K | $450.6K | 0.1% |
| DeSoto County | $250K | $245K | -2.0% |
| Manatee County | $478.5K | $469K | -2.0% |
| Charlotte County | $370.4K | $355K | -4.1% |
Housing Supply in DeSoto County, FL
How many homes are available in DeSoto County, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 214 | 213 | -0.5% |
Summary: The DeSoto County real estate market had 213 homes for sale in April 2024, a 0.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 20 | 0.0% |
| 2 Bedrooms | 58 | 56 | -3.4% |
| 3 Bedrooms | 110 | 112 | +1.8% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The DeSoto County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 25 | -32.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in DeSoto County, you may be able to get a good deal. 84% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in DeSoto County in April 2024, down by 32.4% month-over-month. Of the 25 sold homes, 84% were sold under asking, 4% were sold at asking, and 12% were sold over asking.
Days on Market for DeSoto County, FL
How long does it take to sell a home in DeSoto County, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 66 Days | +56.0% |
Summary: Homes in DeSoto County had an average of 66 days on market in Apr 2024, up by 56% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in DeSoto County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in DeSoto County; 36% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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