Is Zephyrhills, 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, Zephyrhills has remained a Seller's Market.
Key Takeaway
Zephyrhills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Zephyrhills, FL
How much do homes in Zephyrhills, FL cost?
Median Sold Price
$314,907
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Zephyrhills have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Zephyrhills was $314,907 in May 2024, up 11.5% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $86K | -39.6% |
| 2 Bedrooms | $190K | $174.9K | -7.9% |
| 3 Bedrooms | $298.4K | $309.6K | +3.7% |
| 4 Bedrooms | $364.9K | $374K | +2.5% |
| 5+ Bedrooms | $399K | $401K | 0.5% |
Summary: Zephyrhills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.6%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in Zephyrhills, FL
How many homes are available in Zephyrhills, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 531 | 492 | -7.3% |
Summary: The Zephyrhills real estate market had 492 homes for sale in May 2024, a 7.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 130 | 103 | -20.8% |
| 3 Bedrooms | 189 | 179 | -5.3% |
| 4 Bedrooms | 142 | 146 | +2.8% |
| 5+ Bedrooms | 66 | 59 | -10.6% |
Summary: The Zephyrhills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 20.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 10.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 122 | 137 | +12.3% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
70 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Zephyrhills, expect to pay close to the asking price. 51.1% of homes here sold near the asking price last month.
Summary: A total of 137 homes were sold or pending in Zephyrhills in May 2024, up by 12.3% month-over-month. Of the 137 sold homes, 39% were sold under asking, 51% were sold at asking, and 10% were sold over asking.
Days on Market for Zephyrhills, FL
How long does it take to sell a home in Zephyrhills, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 32 Days | -33.0% |
Summary: Homes in Zephyrhills had an average of 32 days on market in May 2024, down by 33% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Zephyrhills are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 137 homes were sold in Zephyrhills; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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