Is 32506, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 32506 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 32506 was a Seller's Market.

Key Takeaway

32506 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 32506, FL

How much do homes in 32506, FL cost?

Median Sold Price

$260,475

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,141(+3.2%)

Key Takeaway

Homes in 32506 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 32506 was $260,475 in November 2024, up 3.2% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $177.5K$131K
-26.2%
2 $171K$155K
-9.4%
3 $240K$255K
+6.3%
4 $330K$320K
-3.0%
5+ $384.5K$375K
-2.5%

Summary: 32506 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.2%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Zip Codes

32506
+3.2%
32505
+1.8%
32507
-1.8%

Housing Supply in 32506, FL

How many homes are available in 32506, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
232230-0.9%

Summary: The 32506 real estate market had 230 homes for sale in November 2024, a 0.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1617
+6.3%
3 137139
+1.5%
4 6963
-8.7%
5+ 910
+11.1%

Summary: The 32506 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4131-24.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 32506, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 32506 in November 2024, down by 24.4% month-over-month. Of the 28 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.

Days on Market for 32506, FL

How long does it take to sell a home in 32506, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days48 Days+6.3%

Summary: Homes in 32506 had an average of 48 days on market in Nov 2024, up by 6.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 32506 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 31 homes were sold in 32506; 42% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 16% 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 21 Days Ago

Newest Listings in 32506, FL

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