Is 33016, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 33016 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 33016 was a Seller's Market.

Key Takeaway

33016 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 33016, FL

How much do homes in 33016, FL cost?

Median Sold Price

$328,500

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$31,500(-8.8%)

Key Takeaway

Homes in 33016 have sold for 8.7% less than they did a year ago.

Summary: The median home sold price in 33016 was $328,500 in November 2024, down 8.8% from last year, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180K$205K
+13.9%
2 $269K$263.5K
-2.0%
3 $470K$487K
+3.6%
4 $890K$960K
+7.9%
5+ $1.0M$1.3M
+25.9%

Summary: 33016 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.9%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 25.9%.

Median Sold Price Compared To Nearby Zip Codes

33014
+6.3%
33018
+5.7%
33015
+2.3%
33012
-3.8%
33016
-8.8%

Housing Supply in 33016, FL

How many homes are available in 33016, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
111121+9.0%

Summary: The 33016 real estate market had 121 homes for sale in November 2024, a 9.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1013
+30.0%
2 4546
+2.2%
3 3942
+7.7%
4 911
+22.2%
5+ 89
+12.5%

Summary: The 33016 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 33016, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 33016 in November 2024, down by 12.5% month-over-month. Of the 14 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% were sold over asking.

Days on Market for 33016, FL

How long does it take to sell a home in 33016, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days68 Days+139.2%

Summary: Homes in 33016 had an average of 68 days on market in Nov 2024, up by 139.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 33016 has remained consistent over time.

Summary: During November 2024, 14 homes were sold in 33016; 36% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 21% 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 33016, FL

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