Is 33316, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 33316 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 33316 was a Seller's Market.

Key Takeaway

33316 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 33316, FL

How much do homes in 33316, FL cost?

Median Sold Price

$700,000

$418/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 33316 has remained the same since last year.

Summary: The median home sold price in 33316 was $700,000 in October 2024, the same as last year, and the median price per square foot was $418.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $282K$260K
-7.8%
2 $557.5K$647.5K
+16.1%
3 $952.5K$1.1M
+23.4%
4 $1.6M$2.5M
+51.0%
5+ $7.1M$3.5M
-50.0%

Summary: 33316 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 16.1%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 51%, and 5+ bedroom homes decreased by 50%.

Median Sold Price Compared To Nearby Zip Codes

33301
+35.2%
33004
+19.8%
33315
+4.8%
33304
+2.5%
33316
0.0%

Housing Supply in 33316, FL

How many homes are available in 33316, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
85101+18.8%

Summary: The 33316 real estate market had 101 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2022
+10.0%
2 4755
+17.0%
3 912
+33.3%
4 44
0.0%
5+ 58
+60.0%

Summary: The 33316 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 33316, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 33316 in October 2024, down by 62.5% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 33316, FL

How long does it take to sell a home in 33316, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
163 Days181 Days+11.2%

Summary: Homes in 33316 had an average of 181 days on market in Oct 2024, up by 11.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 33316 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 33316; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 33316, FL

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