Is 34109, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34109 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 34109 has remained a Buyer's Market.

Key Takeaway

34109 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34109, FL

How much do homes in 34109, FL cost?

Median Sold Price

$710,000

$378/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$160,000(+29.1%)

Key Takeaway

Homes in 34109 have sold for 29.1% more than they did a month ago.

Summary: The median home sold price in 34109 was $710,000 in October 2024, up 29.1% from last month, and the median price per square foot was $378.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $396.2K$450K
+13.6%
3 $675K$710K
+5.2%
4 $1.5M$1.8M
+20.3%
5+ --
N/A

Summary: 34109 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

34109
+29.1%
34108
-17.5%

Housing Supply in 34109, FL

How many homes are available in 34109, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
271265-2.2%

Summary: The 34109 real estate market had 265 homes for sale in October 2024, a 2.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 108104
-3.7%
3 113115
+1.8%
4 3934
-12.8%
5+ 1011
+10.0%

Summary: The 34109 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 3.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3715-59.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34109, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 34109 in October 2024, down by 59.5% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.

Days on Market for 34109, FL

How long does it take to sell a home in 34109, FL?

Average Sale Time

Sep 2024Oct 2024CHANGE
76 Days85 Days+11.2%

Summary: Homes in 34109 had an average of 85 days on market in Oct 2024, up by 11.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 34109 has remained consistent over time.

Summary: During October 2024, 15 homes were sold in 34109; 20% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

Newest Listings in 34109, FL

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