Is Oldsmar, 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, Oldsmar has remained a Seller's Market.
Key Takeaway
Oldsmar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oldsmar, FL
How much do homes in Oldsmar, FL cost?
Median Sold Price
$375,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oldsmar have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Oldsmar was $375,000 in May 2024, down 5.3% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209K | $174K | -16.7% |
| 2 Bedrooms | $253K | $253.9K | 0.4% |
| 3 Bedrooms | $419.9K | $442K | +5.3% |
| 4 Bedrooms | $613.7K | $695K | +13.2% |
| 5+ Bedrooms | $940K | $690K | -26.6% |
Summary: Oldsmar housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 26.6%.
Median Sold Price Compared To Nearby Cities
| Palm Harbor | $399.7K | $432.9K | +8.3% |
| Safety Harbor | $492K | $518.7K | +5.4% |
| Keystone-Citrus Park | $481.9K | $499.5K | +3.6% |
| Oldsmar | $396K | $375K | -5.3% |
Housing Supply in Oldsmar, FL
How many homes are available in Oldsmar, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 162 | 168 | +3.7% |
Summary: The Oldsmar real estate market had 168 homes for sale in May 2024, a 3.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 66 | 61 | -7.6% |
| 3 Bedrooms | 66 | 68 | +3.0% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Oldsmar housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 30 | -26.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oldsmar, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Oldsmar in May 2024, down by 26.8% month-over-month. Of the 30 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Oldsmar, FL
How long does it take to sell a home in Oldsmar, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +30.2% |
Summary: Homes in Oldsmar had an average of 29 days on market in May 2024, up by 30.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oldsmar are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 30 homes were sold in Oldsmar; 67% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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