Is 34102, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34102 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 34102 has remained a Buyer's Market.

Key Takeaway

34102 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34102, FL

How much do homes in 34102, FL cost?

Median Sold Price

$2,050,000

$1,126/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$850,000(+70.8%)

Key Takeaway

Homes in 34102 have sold for 70.8% more than they did a month ago.

Summary: The median home sold price in 34102 was $2,050,000 in November 2024, up 70.8% from last month, and the median price per square foot was $1,126.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $545K$415K
-23.9%
2 $1.2M$750K
-37.5%
3 $2.8M$2.2M
-20.9%
4 $3.5M$9.5M
+169.5%
5+ $8.3M$11.9M
+43.3%

Summary: 34102 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 23.9%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 20.9%, 4 bedroom homes increased by 169.5%, and 5+ bedroom homes increased by 43.3%.

Housing Supply in 34102, FL

How many homes are available in 34102, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
372445+19.6%

Summary: The 34102 real estate market had 445 homes for sale in November 2024, a 19.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2323
0.0%
2 127150
+18.1%
3 7895
+21.8%
4 7599
+32.0%
5+ 6978
+13.0%

Summary: The 34102 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 18.1%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 32%, and 5+ bedroom homes increased by 13%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2124+14.3%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34102, you may be able to get a good deal. 91.7% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 34102 in November 2024, up by 14.3% month-over-month. Of the 24 sold homes, 92% were sold under asking, 8% were sold at asking, and 0% were sold over asking.

Days on Market for 34102, FL

How long does it take to sell a home in 34102, FL?

Average Sale Time

Oct 2024Nov 2024CHANGE
120 Days128 Days+6.4%

Summary: Homes in 34102 had an average of 128 days on market in Nov 2024, up by 6.4% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 34102 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 24 homes were sold in 34102; 29% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 54% 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 21 Days Ago

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