$4,749 Closing Credit*
$399,900
1,989 SqFt
4 Beds
•2 Full Baths
Alexis Lelekis, Listing Office: BHHS FLORIDA PROPERTIES GROUP
Is 33616, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 33616 was a Seller's Market.
Key Takeaway
33616 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 33616, FL
How much do homes in 33616, FL cost?
Median Sold Price
$491,540
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,540(+3.5%)
Key Takeaway
Homes in 33616 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 33616 was $491,540 in October 2024, up 3.5% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320.5K | $320K | -0.2% |
| 3 Bedrooms | $442.6K | $420K | -5.1% |
| 4 Bedrooms | $612K | $662K | +8.2% |
| 5+ Bedrooms | $700K | $787.6K | +12.5% |
Summary: 33616 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Zip Codes
| 33611 | $504K | $549.8K | +9.1% |
| 33616 | $475K | $491.5K | +3.5% |
Housing Supply in 33616, FL
How many homes are available in 33616, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 84 | -11.6% |
Summary: The 33616 real estate market had 84 homes for sale in October 2024, a 11.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 58 | 56 | -3.4% |
| 4 Bedrooms | 23 | 19 | -17.4% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 33616 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 decreased by 40%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 12 | -50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 33616, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 33616 in October 2024, down by 50.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for 33616, FL
How long does it take to sell a home in 33616, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 46 Days | +80.3% |
Summary: Homes in 33616 had an average of 46 days on market in Oct 2024, up by 80.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 33616 has remained consistent over time.
Summary: During October 2024, 12 homes were sold in 33616; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.