$6,947 Closing Credit*
$585,000
1,506 SqFt
3 Beds
•2 Full Baths
Maria Zabala, Listing Office: Dream Homes Realty of Naples
Is 34116, 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, 34116 was a Seller's Market.
Key Takeaway
34116 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34116, FL
How much do homes in 34116, FL cost?
Median Sold Price
$495,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+4.2%)
Key Takeaway
Homes in 34116 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 34116 was $495,000 in October 2024, up 4.2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $177.9K | N/A |
| 2 Bedrooms | $292.5K | $230K | -21.4% |
| 3 Bedrooms | $483.2K | $495K | +2.4% |
| 4 Bedrooms | $676K | $600K | -11.2% |
| 5+ Bedrooms | $795K | $705K | -11.3% |
Summary: 34116 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 21.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Zip Codes
| 34105 | $522K | $630K | +20.7% |
| 34117 | $529.5K | $575K | +8.6% |
| 34116 | $475K | $495K | +4.2% |
| 34119 | $727.1K | $743.1K | +2.2% |
Housing Supply in 34116, FL
How many homes are available in 34116, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 122 | -0.8% |
Summary: The 34116 real estate market had 122 homes for sale in October 2024, a 0.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 38 | 38 | 0.0% |
| 3 Bedrooms | 54 | 55 | +1.9% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 34116 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34116, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 34116 in October 2024, down by 38.1% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for 34116, FL
How long does it take to sell a home in 34116, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 47 Days | -8.7% |
Summary: Homes in 34116 had an average of 47 days on market in Oct 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34116 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 34116; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. This property is offered without respect to any protected classes in accordance with the law.