Is Ridge Manor, 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, Ridge Manor has remained a Seller's Market.
Housing Prices in Ridge Manor, FL
How much do homes in Ridge Manor, FL cost?
Median Sold Price
$285,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ridge Manor was $285,000 in April 2024, down 6.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $138.4K | N/A |
2 Bedrooms | $211.5K | $220K | +4.0% |
3 Bedrooms | $300K | $287.9K | -4.0% |
4 Bedrooms | $377.5K | $345K | -8.6% |
5+ Bedrooms | $377K | $364.9K | -3.2% |
Summary: Ridge Manor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
Lacoochee | $255K | $322.5K | +26.5% |
Ridge Manor | $305K | $285K | -6.6% |
Bushnell-Center Hill | $275K | $245K | -10.9% |
Housing Supply in Ridge Manor, FL
How many homes are available in Ridge Manor, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
111 | 105 | -5.4% |
Summary: The Ridge Manor real estate market had 105 homes for sale in April 2024, a 5.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 68 | 65 | -4.4% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Ridge Manor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 22 | -4.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Ridge Manor in April 2024, down by 4.3% month-over-month. Of the 22 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% were sold over asking.
Days on Market for Ridge Manor, FL
How long does it take to sell a home in Ridge Manor, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 88 Days | +71.9% |
Summary: Homes in Ridge Manor had an average of 88 days on market in Apr 2024, up by 71.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Ridge Manor; 27% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.