Is Greenacres, 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, Greenacres was a Seller's Market.
Key Takeaway
Greenacres is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Greenacres, FL
How much do homes in Greenacres, FL cost?
Median Sold Price
$295,200
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greenacres have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Greenacres was $295,200 in May 2024, up 5.5% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $140K | +7.7% |
| 2 Bedrooms | $223K | $239.6K | +7.4% |
| 3 Bedrooms | $349K | $374K | +7.2% |
| 4 Bedrooms | $502.5K | $545K | +8.5% |
| 5+ Bedrooms | $607.4K | $600K | -1.2% |
Summary: Greenacres housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in Greenacres, FL
How many homes are available in Greenacres, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 331 | 352 | +6.3% |
Summary: The Greenacres real estate market had 352 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 14 | -12.5% |
| 2 Bedrooms | 184 | 194 | +5.4% |
| 3 Bedrooms | 113 | 116 | +2.7% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Greenacres housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 55 | -5.2% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenacres, you may be able to get a good deal. 70.9% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Greenacres in May 2024, down by 5.2% month-over-month. Of the 55 sold homes, 71% were sold under asking, 13% were sold at asking, and 16% were sold over asking.
Days on Market for Greenacres, FL
How long does it take to sell a home in Greenacres, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 37 Days | -6.3% |
Summary: Homes in Greenacres had an average of 37 days on market in May 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenacres are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 55 homes were sold in Greenacres; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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