Is Minneola, 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, Minneola has remained a Seller's Market.
Housing Prices in Minneola, FL
How much do homes in Minneola, FL cost?
Median Sold Price
$449,990
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Minneola was $449,990 in May 2024, up 3.9% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $285K | $267.5K | -6.1% |
3 Bedrooms | $394.9K | $398K | +0.8% |
4 Bedrooms | $450K | $481.5K | +7.0% |
5+ Bedrooms | $575K | $619K | +7.7% |
Summary: Minneola 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 6.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Minneola | $433.2K | $449.9K | +3.9% |
Clermont | $436.4K | $447.9K | +2.6% |
Groveland-Mascotte | $375K | $380.2K | +1.4% |
Housing Supply in Minneola, FL
How many homes are available in Minneola, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 93 | -4.1% |
Summary: The Minneola real estate market had 93 homes for sale in May 2024, a 4.1% decrease 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 | 3 | 0 | -100.0% |
3 Bedrooms | 30 | 31 | +3.3% |
4 Bedrooms | 46 | 41 | -10.9% |
5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Minneola 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 100%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 33 | +32.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Minneola in May 2024, up by 32.0% month-over-month. Of the 33 sold homes, 27% were sold under asking, 52% were sold at asking, and 21% were sold over asking.
Days on Market for Minneola, FL
How long does it take to sell a home in Minneola, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 23 Days | +391.2% |
Summary: Homes in Minneola had an average of 23 days on market in May 2024, up by 391.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Minneola; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.