Is Fruit Cove, 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, Fruit Cove has remained a Seller's Market.
Housing Prices in Fruit Cove, FL
How much do homes in Fruit Cove, FL cost?
Median Sold Price
$549,040
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fruit Cove was $549,040 in May 2024, down 1.9% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | - | N/A |
2 Bedrooms | $375K | $393.3K | +4.9% |
3 Bedrooms | $455.5K | $436.4K | -4.2% |
4 Bedrooms | $580K | $585K | +0.8% |
5+ Bedrooms | $750K | $777.4K | +3.7% |
Summary: Fruit Cove 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 4.9%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
Jacksonville East | $340.1K | $355.4K | +4.5% |
Jacksonville | $299.2K | $304.9K | +1.9% |
Fleming Island | $430K | $430K | 0.0% |
Fruit Cove | $559.8K | $549K | -1.9% |
Saint Johns | $546.7K | $529K | -3.2% |
Housing Supply in Fruit Cove, FL
How many homes are available in Fruit Cove, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
565 | 604 | +6.9% |
Summary: The Fruit Cove real estate market had 604 homes for sale in May 2024, a 6.9% 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 | 66 | 74 | +12.1% |
3 Bedrooms | 136 | 158 | +16.2% |
4 Bedrooms | 218 | 220 | +0.9% |
5+ Bedrooms | 145 | 152 | +4.8% |
Summary: The Fruit Cove 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 increased by 12.1%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
90 | 121 | +34.4% |
Asking Price vs. Sold Price
84 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 121 homes were sold or pending in Fruit Cove in May 2024, up by 34.4% month-over-month. Of the 121 sold homes, 69% were sold under asking, 23% were sold at asking, and 7% were sold over asking.
Days on Market for Fruit Cove, FL
How long does it take to sell a home in Fruit Cove, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
75 Days | 54 Days | -27.1% |
Summary: Homes in Fruit Cove had an average of 54 days on market in May 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 121 homes were sold in Fruit Cove; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.