Is Shalimar, 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, Shalimar has remained a Seller's Market.
Housing Prices in Shalimar, FL
How much do homes in Shalimar, FL cost?
Median Sold Price
$407,400
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shalimar was $407,400 in April 2024, up 13.2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $176.5K | $188K | +6.5% |
2 Bedrooms | $215K | $232K | +7.9% |
3 Bedrooms | $325K | $357.5K | +10.0% |
4 Bedrooms | $480K | $485K | +1.0% |
5+ Bedrooms | $558K | $553K | -0.9% |
Summary: Shalimar housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in Shalimar, FL
How many homes are available in Shalimar, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 65 | +16.1% |
Summary: The Shalimar real estate market had 65 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Shalimar housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Shalimar in April 2024, up by 57.1% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Shalimar, FL
How long does it take to sell a home in Shalimar, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 36 Days | -42.4% |
Summary: Homes in Shalimar had an average of 36 days on market in Apr 2024, down by 42.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Shalimar; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.