Is 33138, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 33138 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 33138 was a Seller's Market.

Key Takeaway

33138 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 33138, FL

How much do homes in 33138, FL cost?

Median Sold Price

$960,000

$564/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$96,666(+11.2%)

Key Takeaway

Homes in 33138 have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in 33138 was $960,000 in October 2024, up 11.2% from last year, and the median price per square foot was $564.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $272K$285K
+4.8%
2 $415.9K$435K
+4.6%
3 $1.0M$1.2M
+11.4%
4 $1.3M$1.9M
+43.4%
5+ $3.2M$2.1M
-33.1%

Summary: 33138 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 43.4%, and 5+ bedroom homes decreased by 33.1%.

Median Sold Price Compared To Nearby Zip Codes

33141
+23.4%
33161
+14.4%
33138
+11.2%
33137
+9.1%
33150
+6.7%

Housing Supply in 33138, FL

How many homes are available in 33138, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
234244+4.3%

Summary: The 33138 real estate market had 244 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2327
+17.4%
2 7476
+2.7%
3 7172
+1.4%
4 3537
+5.7%
5+ 3132
+3.2%

Summary: The 33138 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 3.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2922-24.1%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 33138, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 33138 in October 2024, down by 24.1% month-over-month. Of the 22 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.

Days on Market for 33138, FL

How long does it take to sell a home in 33138, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days88 Days+48.3%

Summary: Homes in 33138 had an average of 88 days on market in Oct 2024, up by 48.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 33138 has remained consistent over time.

Summary: During October 2024, 22 homes were sold in 33138; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% 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 4 Days Ago

Newest Listings in 33138, FL

Nearby Markets to 33138, FL