Is 32940, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 32940 has remained a Seller's Market.
Key Takeaway
32940 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 32940, FL
How much do homes in 32940, FL cost?
Median Sold Price
$497,875
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 32940 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 32940 was $497,875 in May 2024, up 3.7% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $177.5K | +1.4% |
| 2 Bedrooms | $312.5K | $325K | +4.0% |
| 3 Bedrooms | $450K | $454.3K | +1.0% |
| 4 Bedrooms | $622.7K | $665.2K | +6.8% |
| 5+ Bedrooms | $775K | $875K | +12.9% |
Summary: 32940 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 12.9%.
Housing Supply in 32940, FL
How many homes are available in 32940, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 471 | 505 | +7.2% |
Summary: The 32940 real estate market had 505 homes for sale in May 2024, a 7.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 83 | 84 | +1.2% |
| 3 Bedrooms | 209 | 231 | +10.5% |
| 4 Bedrooms | 143 | 152 | +6.3% |
| 5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The 32940 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 1.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 120 | +29.0% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 32940, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.
Summary: A total of 120 homes were sold or pending in 32940 in May 2024, up by 29.0% month-over-month. Of the 120 sold homes, 56% were sold under asking, 38% were sold at asking, and 6% were sold over asking.
Days on Market for 32940, FL
How long does it take to sell a home in 32940, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 37 Days | -8.6% |
Summary: Homes in 32940 had an average of 37 days on market in May 2024, down by 8.6% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 32940 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 120 homes were sold in 32940; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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