Is Diplomat, 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, Diplomat has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $215K | 0.0% |
2 Bedrooms | $275K | $242K | -12.0% |
3 Bedrooms | $348.5K | $350K | 0.4% |
4 Bedrooms | $385.9K | $392.1K | +1.6% |
5+ Bedrooms | $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%.
Housing Supply in Diplomat, FL
How many homes are available in Diplomat, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
325 | 329 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 205 | 208 | +1.5% |
4 Bedrooms | 105 | 107 | +1.9% |
5+ Bedrooms | 5 | 6 | +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 2024 | May 2024 | CHANGE |
---|---|---|
41 | 57 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 60 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
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.