Is Naranja, 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, Naranja was a Seller's Market.
Key Takeaway
Naranja 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 Naranja, FL
How much do homes in Naranja, FL cost?
Median Sold Price
$466,666
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Naranja have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Naranja was $466,666 in May 2024, up 16.7% 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 | - | - | N/A |
| 2 Bedrooms | $180K | $180K | 0.0% |
| 3 Bedrooms | $392K | $435K | +11.0% |
| 4 Bedrooms | $465K | $495K | +6.5% |
| 5+ Bedrooms | $561.2K | $620K | +10.5% |
Summary: Naranja housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 10.5%.
Housing Supply in Naranja, FL
How many homes are available in Naranja, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 121 | 119 | -1.7% |
Summary: The Naranja real estate market had 119 homes for sale in May 2024, a 1.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 58 | 58 | 0.0% |
| 4 Bedrooms | 37 | 36 | -2.7% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Naranja housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Naranja, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Naranja in May 2024, down by 26.1% month-over-month. Of the 17 sold homes, 76% were sold under asking, 12% were sold at asking, and 12% were sold over asking.
Days on Market for Naranja, FL
How long does it take to sell a home in Naranja, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 54 Days | +70.0% |
Summary: Homes in Naranja had an average of 54 days on market in May 2024, up by 70% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Naranja has remained consistent over time.
Summary: During May 2024, 17 homes were sold in Naranja; 29% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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