Is Douglas Park, 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, Douglas Park was a Seller's Market.
Key Takeaway
Douglas Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Douglas Park, FL
How much do homes in Douglas Park, FL cost?
Median Sold Price
$687,500
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Douglas Park have sold for 24.4% more than they did a year ago.
Summary: The median home sold price in Douglas Park was $687,500 in May 2024, up 24.4% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $367.5K | +6.5% |
| 2 Bedrooms | $495K | $540K | +9.1% |
| 3 Bedrooms | $842.3K | $922.5K | +9.5% |
| 4 Bedrooms | $1.2M | $1.2M | -5.5% |
| 5+ Bedrooms | $450K | $1.3M | +205.6% |
Summary: Douglas Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 205.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Douglas Park | $552.5K | $687.5K | +24.4% |
| The Pines | $408.5K | $480.9K | +17.7% |
| Coconut Grove | $1.4M | $1.5M | +11.8% |
| Shenandoah | $650K | $701.6K | +7.9% |
| Silverbluff Estates | $700K | $750K | +7.1% |
Housing Supply in Douglas Park, FL
How many homes are available in Douglas Park, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 138 | 129 | -6.5% |
Summary: The Douglas Park real estate market had 129 homes for sale in May 2024, a 6.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 24 | -7.7% |
| 2 Bedrooms | 42 | 36 | -14.3% |
| 3 Bedrooms | 39 | 37 | -5.1% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Douglas Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 17 | -34.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Douglas Park, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Douglas Park in May 2024, down by 34.6% month-over-month. Of the 17 sold homes, 88% were sold under asking, 6% were sold at asking, and 6% were sold over asking.
Days on Market for Douglas Park, FL
How long does it take to sell a home in Douglas Park, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 64 Days | +40.1% |
Summary: Homes in Douglas Park had an average of 64 days on market in May 2024, up by 40.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Douglas Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Douglas Park; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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