Is Fleming Island, 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, Fleming Island has remained a Seller's Market.
Key Takeaway
Fleming Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fleming Island, FL
How much do homes in Fleming Island, FL cost?
Median Sold Price
$430,000
$209/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Fleming Island has remained the same since last year.
Summary: The median home sold price in Fleming Island was $430,000 in May 2024, the same as last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $247.5K | $263.4K | +6.4% |
| 3 Bedrooms | $360K | $360K | 0.0% |
| 4 Bedrooms | $475K | $502.5K | +5.8% |
| 5+ Bedrooms | $630K | $645.5K | +2.5% |
Summary: Fleming Island 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 increased by 6.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Orange Park | $314.9K | $335.6K | +6.5% |
| Middleburg | $350K | $350.3K | 0.1% |
| Fleming Island | $430K | $430K | 0.0% |
| Fruit Cove | $559.8K | $549K | -1.9% |
| Saint Johns | $546.7K | $529K | -3.2% |
Housing Supply in Fleming Island, FL
How many homes are available in Fleming Island, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 146 | 179 | +22.6% |
Summary: The Fleming Island real estate market had 179 homes for sale in May 2024, a 22.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 47 | 59 | +25.5% |
| 4 Bedrooms | 57 | 74 | +29.8% |
| 5+ Bedrooms | 38 | 43 | +13.2% |
Summary: The Fleming Island 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 25.5%, 4 bedroom homes increased by 29.8%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 34 | +30.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fleming Island, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Fleming Island in May 2024, up by 30.8% month-over-month. Of the 34 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.
Days on Market for Fleming Island, FL
How long does it take to sell a home in Fleming Island, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 33 Days | -12.4% |
Summary: Homes in Fleming Island had an average of 33 days on market in May 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fleming Island are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in Fleming Island; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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