Is Mims, 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, Mims has remained a Seller's Market.
Housing Prices in Mims, FL
How much do homes in Mims, FL cost?
Median Sold Price
$338,600
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mims was $338,600 in May 2024, down 2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $70K | N/A |
2 Bedrooms | $255K | $299.9K | +17.6% |
3 Bedrooms | $325.7K | $319.9K | -1.8% |
4 Bedrooms | $349.5K | $495K | +41.6% |
5+ Bedrooms | $403.1K | $840K | +108.4% |
Summary: Mims 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 17.6%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 41.6%, and 5+ bedroom homes increased by 108.4%.
Median Sold Price Compared To Nearby Cities
Central Volusia | $433.9K | $459.6K | +5.9% |
Titusville | $290K | $299.9K | +3.4% |
East Orange | $523.8K | $525.7K | 0.4% |
Mims | $345.5K | $338.6K | -2.0% |
Housing Supply in Mims, FL
How many homes are available in Mims, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 | 64 | -14.7% |
Summary: The Mims real estate market had 64 homes for sale in May 2024, a 14.7% 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 | 12 | 8 | -33.3% |
3 Bedrooms | 24 | 27 | +12.5% |
4 Bedrooms | 35 | 25 | -28.6% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Mims 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 33.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Mims in May 2024, down by 27.8% month-over-month. Of the 13 sold homes, 38% were sold under asking, 62% were sold at asking, and 0% were sold over asking.
Days on Market for Mims, FL
How long does it take to sell a home in Mims, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 81 Days | +17.2% |
Summary: Homes in Mims had an average of 81 days on market in May 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Mims; 62% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.