Is 33161, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 33161 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 33161 has remained a Buyer's Market.

Key Takeaway

33161 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 33161, FL

How much do homes in 33161, FL cost?

Median Sold Price

$590,625

$416/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$74,375(+14.4%)

Key Takeaway

Homes in 33161 have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in 33161 was $590,625 in October 2024, up 14.4% from last year, and the median price per square foot was $416.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $154.5K$164.5K
+6.5%
2 $295K$433K
+46.8%
3 $583.5K$680K
+16.5%
4 $760K$715K
-5.9%
5+ $730.5K$1.5M
+110.1%

Summary: 33161 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 46.8%, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 110.1%.

Median Sold Price Compared To Nearby Zip Codes

33161
+14.4%
33168
+8.7%
33162
+0.7%
33181
-5.6%

Housing Supply in 33161, FL

How many homes are available in 33161, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
214219+2.3%

Summary: The 33161 real estate market had 219 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4349
+14.0%
2 5251
-1.9%
3 6667
+1.5%
4 3635
-2.8%
5+ 1717
0.0%

Summary: The 33161 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1814-22.2%

Asking Price vs. Sold Price

12 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 33161, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 33161 in October 2024, down by 22.2% month-over-month. Of the 14 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.

Days on Market for 33161, FL

How long does it take to sell a home in 33161, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days42 Days+1.2%

Summary: Homes in 33161 had an average of 42 days on market in Oct 2024, up by 1.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 33161 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 33161; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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 33161, FL

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