Is Northeast Glades, 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, Northeast Glades has remained a Buyer's Market.
Key Takeaway
Northeast Glades is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northeast Glades, FL
How much do homes in Northeast Glades, FL cost?
Median Sold Price
$220,750
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Northeast Glades have sold for 11.3% less than they did a year ago.
Summary: The median home sold price in Northeast Glades was $220,750 in May 2024, down 11.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $69K | +6.2% |
| 2 Bedrooms | $165.7K | $139K | -16.1% |
| 3 Bedrooms | $315K | $255K | -19.0% |
| 4 Bedrooms | $287K | $2.8M | +875.6% |
| 5+ Bedrooms | $1.2M | $409K | -66.9% |
Summary: Northeast Glades housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 875.6%, and 5+ bedroom homes decreased by 66.9%.
Median Sold Price Compared To Nearby Cities
| Indiantown | $580K | $705K | +21.6% |
| Southwest Glades | $310K | $326.3K | +5.3% |
| Belle Glade-Pahokee | $215K | $204.9K | -4.7% |
| Northeast Glades | $249K | $220.7K | -11.3% |
Housing Supply in Northeast Glades, FL
How many homes are available in Northeast Glades, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 42 | -10.6% |
Summary: The Northeast Glades real estate market had 42 homes for sale in May 2024, a 10.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northeast Glades 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 decreased by 7.7%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Glades, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Northeast Glades in May 2024, down by 63.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Northeast Glades, FL
How long does it take to sell a home in Northeast Glades, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 58 Days | -4.5% |
Summary: Homes in Northeast Glades had an average of 58 days on market in May 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Glades are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Northeast Glades; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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