Is 34202, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34202 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 34202 was a Seller's Market.

Key Takeaway

34202 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34202, FL

How much do homes in 34202, FL cost?

Median Sold Price

$827,187

$341/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,685(+5.3%)

Key Takeaway

Homes in 34202 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 34202 was $827,187 in October 2024, up 5.3% from last year, and the median price per square foot was $341.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $227.5K$225K
-1.1%
2 $570K$489K
-14.2%
3 $759K$789.3K
+4.0%
4 $1.1M$1.2M
+4.3%
5+ $1.7M$1.9M
+15.9%

Summary: 34202 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Zip Codes

34240
+11.6%
34251
+9.8%
34202
+5.3%
34211
-3.1%
34203
-5.9%

Housing Supply in 34202, FL

How many homes are available in 34202, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
359356-0.8%

Summary: The 34202 real estate market had 356 homes for sale in October 2024, a 0.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 6167
+9.8%
3 171173
+1.2%
4 10389
-13.6%
5+ 2226
+18.2%

Summary: The 34202 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 increased by 9.8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4535-22.2%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34202, you may be able to get a good deal. 82.9% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 34202 in October 2024, down by 22.2% month-over-month. Of the 35 sold homes, 83% were sold under asking, 14% were sold at asking, and 3% were sold over asking.

Days on Market for 34202, FL

How long does it take to sell a home in 34202, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days120 Days+241.9%

Summary: Homes in 34202 had an average of 120 days on market in Oct 2024, up by 241.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 34202 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 35 homes were sold in 34202; 23% of homes were sold within 30 days, 23% 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 14 Days Ago

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