Is Burnt Store, 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, Burnt Store was a Seller's Market.
Key Takeaway
Burnt Store is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Burnt Store, FL
How much do homes in Burnt Store, FL cost?
Median Sold Price
$450,000
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Burnt Store have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Burnt Store was $450,000 in May 2024, up 2.5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $273.5K | - | N/A |
| 2 Bedrooms | $380K | $365K | -3.9% |
| 3 Bedrooms | $459.9K | $471.5K | +2.5% |
| 4 Bedrooms | $448.9K | $442.7K | -1.4% |
| 5+ Bedrooms | $750K | $1.9M | +156.7% |
Summary: Burnt Store 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 3.9%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 156.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Burnt Store Marina | $430K | $460.7K | +7.2% |
| Burnt Store | $439K | $450K | +2.5% |
| Mariner | $379.9K | $375K | -1.3% |
Housing Supply in Burnt Store, FL
How many homes are available in Burnt Store, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 809 | 856 | +5.8% |
Summary: The Burnt Store real estate market had 856 homes for sale in May 2024, a 5.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 77 | 72 | -6.5% |
| 3 Bedrooms | 453 | 493 | +8.8% |
| 4 Bedrooms | 270 | 279 | +3.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Burnt Store 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 6.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 76 | +8.6% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnt Store, you may be able to get a good deal. 71.1% of homes here sold below asking price last month.
Summary: A total of 76 homes were sold or pending in Burnt Store in May 2024, up by 8.6% month-over-month. Of the 76 sold homes, 71% were sold under asking, 24% were sold at asking, and 5% were sold over asking.
Days on Market for Burnt Store, FL
How long does it take to sell a home in Burnt Store, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 125 Days | +174.4% |
Summary: Homes in Burnt Store had an average of 125 days on market in May 2024, up by 174.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Burnt Store are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 76 homes were sold in Burnt Store; 24% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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