Is 33406, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 33406 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 33406 was a Seller's Market.

Key Takeaway

33406 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 33406, FL

How much do homes in 33406, FL cost?

Median Sold Price

$402,500

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,500(+7.3%)

Key Takeaway

Homes in 33406 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 33406 was $402,500 in October 2024, up 7.3% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139.5K$133K
-4.7%
2 $280K$297K
+6.1%
3 $430K$460K
+7.0%
4 $622.5K$585K
-6.0%
5+ $484K$1.0M
+108.7%

Summary: 33406 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 108.7%.

Median Sold Price Compared To Nearby Zip Codes

33405
+13.5%
33406
+7.3%
33415
0.1%
33461
-2.1%

Housing Supply in 33406, FL

How many homes are available in 33406, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1301300.0%

Summary: The 33406 real estate market had 130 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 4247
+11.9%
3 6559
-9.2%
4 1416
+14.3%
5+ 76
-14.3%

Summary: The 33406 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.9%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2315-34.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 33406, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 33406 in October 2024, down by 34.8% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.

Days on Market for 33406, FL

How long does it take to sell a home in 33406, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days49 Days+61.5%

Summary: Homes in 33406 had an average of 49 days on market in Oct 2024, up by 61.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 33406 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 33406; 60% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 27% 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 13 Days Ago

Newest Listings in 33406, FL

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