Is 32117, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 32117 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 32117 has remained a Buyer's Market.

Key Takeaway

32117 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 32117, FL

How much do homes in 32117, FL cost?

Median Sold Price

$265,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,050(+6.0%)

Key Takeaway

Homes in 32117 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 32117 was $265,000 in October 2024, up 6% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $77K$71K
-7.8%
2 $212.5K$217.9K
+2.6%
3 $270K$269K
-0.4%
4 $289.5K$316K
+9.2%
5+ $382.9K$470K
+22.7%

Summary: 32117 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 22.7%.

Median Sold Price Compared To Nearby Zip Codes

32118
+7.2%
32117
+6.0%
32176
+5.3%
32114
+2.2%
32174
-3.7%

Housing Supply in 32117, FL

How many homes are available in 32117, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
121128+5.8%

Summary: The 32117 real estate market had 128 homes for sale in October 2024, a 5.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 3432
-5.9%
3 6874
+8.8%
4 1718
+5.9%
5+ 22
0.0%

Summary: The 32117 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13130.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 32117, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 32117 in October 2024, the same as the previous month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.

Days on Market for 32117, FL

How long does it take to sell a home in 32117, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days77 Days+256.1%

Summary: Homes in 32117 had an average of 77 days on market in Oct 2024, up by 256.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 32117 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 13 homes were sold in 32117; 23% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in 32117, FL

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