Is 33487, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 33487 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 33487 was a Seller's Market.

Key Takeaway

33487 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 33487, FL

How much do homes in 33487, FL cost?

Median Sold Price

$740,000

$398/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$100,000(+15.6%)

Key Takeaway

Homes in 33487 have sold for 15.6% more than they did a year ago.

Summary: The median home sold price in 33487 was $740,000 in October 2024, up 15.6% from last year, and the median price per square foot was $398.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $284.7K$250K
-12.2%
2 $482.5K$490K
+1.6%
3 $700K$802.5K
+14.6%
4 $1.0M$1.6M
+62.2%
5+ $4.2M$3.9M
-6.5%

Summary: 33487 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 62.2%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

33432
+41.5%
33487
+15.6%
33445
+7.2%
33431
+5.1%
33444
-17.3%

Housing Supply in 33487, FL

How many homes are available in 33487, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
292312+6.8%

Summary: The 33487 real estate market had 312 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1117
+54.5%
2 142144
+1.4%
3 103109
+5.8%
4 1926
+36.8%
5+ 1716
-5.9%

Summary: The 33487 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 54.5%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3623-36.1%

Asking Price vs. Sold Price

20 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 33487, you may be able to get a good deal. 87% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 33487 in October 2024, down by 36.1% month-over-month. Of the 23 sold homes, 87% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for 33487, FL

How long does it take to sell a home in 33487, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
102 Days76 Days-24.8%

Summary: Homes in 33487 had an average of 76 days on market in Oct 2024, down by 24.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 33487 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 23 homes were sold in 33487; 35% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 39% 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 14 Days Ago

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