Is 34207, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34207 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 34207 was a Seller's Market.

Key Takeaway

34207 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34207, FL

How much do homes in 34207, FL cost?

Median Sold Price

$239,583

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,833(+15.3%)

Key Takeaway

Homes in 34207 have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in 34207 was $239,583 in October 2024, up 15.3% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $119.2K$115K
-3.6%
2 $183.4K$185K
+0.9%
3 $335K$334.9K
0%
4 $359.9K$387.5K
+7.7%
5+ $389K$550K
+41.4%

Summary: 34207 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 41.4%.

Median Sold Price Compared To Nearby Zip Codes

34207
+15.3%
34205
+10.8%
34243
-0.1%
34203
-5.9%
34210
-9.5%

Housing Supply in 34207, FL

How many homes are available in 34207, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
184171-7.1%

Summary: The 34207 real estate market had 171 homes for sale in October 2024, a 7.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2829
+3.6%
2 9798
+1.0%
3 2621
-19.2%
4 2820
-28.6%
5+ 53
-40.0%

Summary: The 34207 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3415-55.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34207, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 34207 in October 2024, down by 55.9% month-over-month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% were sold over asking.

Days on Market for 34207, FL

How long does it take to sell a home in 34207, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days101 Days+93.6%

Summary: Homes in 34207 had an average of 101 days on market in Oct 2024, up by 93.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 34207 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 15 homes were sold in 34207; 27% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 60% 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 13 Days Ago

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