Is West of Trail, 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, West of Trail has remained a Seller's Market.
Key Takeaway
West of Trail is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West of Trail, FL
How much do homes in West of Trail, FL cost?
Median Sold Price
$836,666
$462/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West of Trail have sold for 28.7% more than they did a year ago.
Summary: The median home sold price in West of Trail was $836,666 in May 2024, up 28.7% from last year, and the median price per square foot was $462.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $311.7K | $298.5K | -4.2% |
| 2 Bedrooms | $462.5K | $485K | +4.9% |
| 3 Bedrooms | $850K | $876.9K | +3.2% |
| 4 Bedrooms | $2.3M | $2.0M | -12.0% |
| 5+ Bedrooms | $3.2M | $3.0M | -4.7% |
Summary: West of Trail housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Shoreland Woods | $677.5K | $1.7M | +150.9% |
| West of Trail | $650K | $836.6K | +28.7% |
Housing Supply in West of Trail, FL
How many homes are available in West of Trail, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 308 | 304 | -1.3% |
Summary: The West of Trail real estate market had 304 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 20 | 0.0% |
| 2 Bedrooms | 85 | 79 | -7.1% |
| 3 Bedrooms | 110 | 106 | -3.6% |
| 4 Bedrooms | 70 | 65 | -7.1% |
| 5+ Bedrooms | 23 | 34 | +47.8% |
Summary: The West of Trail 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 7.1%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 47.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 56 | +21.7% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West of Trail, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in West of Trail in May 2024, up by 21.7% month-over-month. Of the 56 sold homes, 86% were sold under asking, 9% were sold at asking, and 5% were sold over asking.
Days on Market for West of Trail, FL
How long does it take to sell a home in West of Trail, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 92 Days | +55.6% |
Summary: Homes in West of Trail had an average of 92 days on market in May 2024, up by 55.6% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in West of Trail has remained consistent over time.
Summary: During May 2024, 56 homes were sold in West of Trail; 27% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.