Is DeSoto County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, DeSoto County was a Seller's Market.
Key Takeaway
DeSoto County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in DeSoto County, FL
How much do homes in DeSoto County, FL cost?
Median Sold Price
$243,333
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in DeSoto County have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in DeSoto County was $243,333 in May 2024, down 4.6% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $173.5K | -51.1% |
| 2 Bedrooms | $195K | $180K | -7.7% |
| 3 Bedrooms | $287.5K | $276.5K | -3.8% |
| 4 Bedrooms | $323.5K | $283.5K | -12.4% |
| 5+ Bedrooms | $375K | $446K | +18.9% |
Summary: DeSoto County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.1%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Counties
| Hardee County | $240K | $260.5K | +8.5% |
| Sarasota County | $449.9K | $450.9K | 0.2% |
| Manatee County | $475.4K | $471.6K | -0.8% |
| Charlotte County | $368.9K | $355.4K | -3.6% |
| DeSoto County | $255K | $243.3K | -4.6% |
Housing Supply in DeSoto County, FL
How many homes are available in DeSoto County, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 183 | 173 | -5.5% |
Summary: The DeSoto County real estate market had 173 homes for sale in May 2024, a 5.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 47 | 47 | 0.0% |
| 3 Bedrooms | 104 | 93 | -10.6% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The DeSoto County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 17 | -37.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in DeSoto County, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in DeSoto County in May 2024, down by 37.0% month-over-month. Of the 17 sold homes, 71% were sold under asking, 24% were sold at asking, and 6% were sold over asking.
Days on Market for DeSoto County, FL
How long does it take to sell a home in DeSoto County, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 65 Days | +7.8% |
Summary: Homes in DeSoto County had an average of 65 days on market in May 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in DeSoto County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in DeSoto County; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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