Is Floral City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Floral City has remained a Seller's Market.
Housing Prices in Floral City, FL
How much do homes in Floral City, FL cost?
Median Sold Price
$260,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Floral City was $260,000 in April 2024, down 5.4% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $90K | -18.2% |
2 Bedrooms | $220K | $205K | -6.8% |
3 Bedrooms | $351K | $274.9K | -21.7% |
4 Bedrooms | $493K | $260K | -47.3% |
5+ Bedrooms | $750K | $1.1M | +59.3% |
Summary: Floral City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 47.3%, and 5+ bedroom homes increased by 59.3%.
Median Sold Price Compared To Nearby Cities
Floral City | $274.9K | $260K | -5.4% |
Bushnell-Center Hill | $275K | $245K | -10.9% |
Lecanto | $329.2K | $290K | -11.9% |
Lake Panasoffkee | $250K | $157K | -37.2% |
Housing Supply in Floral City, FL
How many homes are available in Floral City, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 40 | -9.1% |
Summary: The Floral City real estate market had 40 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 24 | 20 | -16.7% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Floral City 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 increased by 7.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Floral City in April 2024, down by 22.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Floral City, FL
How long does it take to sell a home in Floral City, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 21 Days | -28.4% |
Summary: Homes in Floral City had an average of 21 days on market in Apr 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Floral City; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.