Is Sunshine Parkway, 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, Sunshine Parkway was a Seller's Market.
Key Takeaway
Sunshine Parkway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sunshine Parkway, FL
How much do homes in Sunshine Parkway, FL cost?
Median Sold Price
$617,191
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sunshine Parkway have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Sunshine Parkway was $617,191 in April 2024, up 7.9% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $125K | +2.0% |
| 2 Bedrooms | $295.1K | $315K | +6.7% |
| 3 Bedrooms | $535.8K | $570K | +6.4% |
| 4 Bedrooms | $764.1K | $789.4K | +3.3% |
| 5+ Bedrooms | $1.1M | $1.1M | +4.1% |
Summary: Sunshine Parkway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Coconut Creek | $310.2K | $340.3K | +9.7% |
| Sunshine Parkway | $572K | $617.1K | +7.9% |
| Royal Palm Beach | $459.9K | $490K | +6.5% |
| Wellington | $664.9K | $699.4K | +5.2% |
| Boynton Beach-Delray Beach | $372.4K | $389.1K | +4.5% |
Housing Supply in Sunshine Parkway, FL
How many homes are available in Sunshine Parkway, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,926 | 2,070 | +7.5% |
Summary: The Sunshine Parkway real estate market had 2,070 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 90 | 98 | +8.9% |
| 2 Bedrooms | 497 | 544 | +9.5% |
| 3 Bedrooms | 604 | 634 | +5.0% |
| 4 Bedrooms | 358 | 405 | +13.1% |
| 5+ Bedrooms | 377 | 389 | +3.2% |
Summary: The Sunshine Parkway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 261 | 285 | +9.2% |
Asking Price vs. Sold Price
238 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunshine Parkway, you may be able to get a good deal. 83.5% of homes here sold below asking price last month.
Summary: A total of 285 homes were sold or pending in Sunshine Parkway in April 2024, up by 9.2% month-over-month. Of the 285 sold homes, 84% were sold under asking, 12% were sold at asking, and 5% were sold over asking.
Days on Market for Sunshine Parkway, FL
How long does it take to sell a home in Sunshine Parkway, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 66 Days | +46.2% |
Summary: Homes in Sunshine Parkway had an average of 66 days on market in Apr 2024, up by 46.2% compared to last year.
Breakdown of Home Sale Times
120 Homes Were Sold
Under 30 Days
91 Homes Were Sold
In 30 - 90 Days
74 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunshine Parkway are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 285 homes were sold in Sunshine Parkway; 42% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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