Is 33948, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 33948 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 33948 was a Neutral Market.

Key Takeaway

33948 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 33948, FL

How much do homes in 33948, FL cost?

Median Sold Price

$318,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,000(+1.0%)

Key Takeaway

Homes in 33948 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 33948 was $318,000 in November 2024, up 1% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150K$154K
+2.7%
2 $242K$255K
+5.4%
3 $350K$336.4K
-3.9%
4 $412.8K$368.1K
-10.8%
5+ $431K$652.5K
+51.4%

Summary: 33948 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 51.4%.

Median Sold Price Compared To Nearby Zip Codes

33948
+1.0%
33950
-2.4%
33952
-2.8%
33954
-3.0%
33953
-10.4%

Housing Supply in 33948, FL

How many homes are available in 33948, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
294319+8.5%

Summary: The 33948 real estate market had 319 homes for sale in November 2024, a 8.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 7078
+11.4%
3 163181
+11.0%
4 5958
-1.7%
5+ 11
0.0%

Summary: The 33948 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2723-14.8%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 33948, you may be able to get a good deal. 78.3% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 33948 in November 2024, down by 14.8% month-over-month. Of the 23 sold homes, 78% were sold under asking, 9% were sold at asking, and 13% were sold over asking.

Days on Market for 33948, FL

How long does it take to sell a home in 33948, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
66 Days120 Days+82.0%

Summary: Homes in 33948 had an average of 120 days on market in Nov 2024, up by 82% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 33948 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 23 homes were sold in 33948; 26% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 52% 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 17 Days Ago

Newest Listings in 33948, FL

Nearby Markets to 33948, FL