Is Diplomat, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Diplomat is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Diplomat has remained a Seller's Market.

Key Takeaway

Diplomat is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Diplomat, FL

How much do homes in Diplomat, FL cost?

Median Sold Price

$360,000

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,000(+2.9%)

Key Takeaway

Homes in Diplomat have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Diplomat was $360,000 in May 2024, up 2.9% from last year, and the median price per square foot was $223.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $215K$215K
0.0%
2 $275K$242K
-12.0%
3 $348.5K$350K
0.4%
4 $385.9K$392.1K
+1.6%
5+ $499.9K$487.5K
-2.5%

Summary: Diplomat 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 12%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Neighborhoods

Diplomat
+2.9%
Jacaranda
-1.2%
Hancock
-2.6%

Housing Supply in Diplomat, FL

How many homes are available in Diplomat, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
325329+1.2%

Summary: The Diplomat real estate market had 329 homes for sale in May 2024, a 1.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 86
-25.0%
3 205208
+1.5%
4 105107
+1.9%
5+ 56
+20.0%

Summary: The Diplomat 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 25%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4157+39.0%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Diplomat, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Diplomat in May 2024, up by 39.0% month-over-month. Of the 57 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.

Days on Market for Diplomat, FL

How long does it take to sell a home in Diplomat, FL?

Average Sale Time

May 2023May 2024CHANGE
32 Days60 Days+90.0%

Summary: Homes in Diplomat had an average of 60 days on market in May 2024, up by 90% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Diplomat are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 57 homes were sold in Diplomat; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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