Is Welaka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Welaka was a Seller's Market.
Key Takeaway
Welaka is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Welaka, FL
How much do homes in Welaka, FL cost?
Median Sold Price
$269,990
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Welaka have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Welaka was $269,990 in May 2024, up 4.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $303.5K | $290K | -4.4% |
| 3 Bedrooms | $245K | $275K | +12.2% |
| 4 Bedrooms | $254.9K | $262.4K | +2.9% |
| 5+ Bedrooms | $297.9K | $276.9K | -7.0% |
Summary: Welaka housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 7%.
Housing Supply in Welaka, FL
How many homes are available in Welaka, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The Welaka real estate market had 28 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Welaka 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 remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Welaka, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Welaka in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Welaka, FL
How long does it take to sell a home in Welaka, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 172 Days | 256 Days | +48.2% |
Summary: Homes in Welaka had an average of 256 days on market in May 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Welaka are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 1 homes were sold in Welaka; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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