Is Sweetwater, 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, Sweetwater has remained a Seller's Market.
Housing Prices in Sweetwater, FL
How much do homes in Sweetwater, FL cost?
Median Sold Price
$361,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sweetwater was $361,000 in May 2024, down 16.5% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | - | N/A |
2 Bedrooms | $289K | $287.5K | -0.5% |
3 Bedrooms | $437.5K | $470K | +7.4% |
4 Bedrooms | $550K | $590K | +7.3% |
5+ Bedrooms | $665K | $955K | +43.6% |
Summary: Sweetwater 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 0.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 43.6%.
Median Sold Price Compared To Nearby Cities
North Westside | $431.5K | $485.4K | +12.5% |
Sweetwater | $432.5K | $361K | -16.5% |
Housing Supply in Sweetwater, FL
How many homes are available in Sweetwater, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 27 | +12.5% |
Summary: The Sweetwater real estate market had 27 homes for sale in May 2024, a 12.5% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sweetwater 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 40%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Sweetwater in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Sweetwater, FL
How long does it take to sell a home in Sweetwater, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 51 Days | +34.9% |
Summary: Homes in Sweetwater had an average of 51 days on market in May 2024, up by 34.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Sweetwater; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.