Is 34208, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34208 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 34208 was a Seller's Market.

Key Takeaway

34208 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34208, FL

How much do homes in 34208, FL cost?

Median Sold Price

$394,000

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$13,546(-3.3%)

Key Takeaway

Homes in 34208 have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in 34208 was $394,000 in November 2024, down 3.3% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $104.5K$141K
+34.9%
2 $300K$275K
-8.3%
3 $395K$377.9K
-4.3%
4 $521.8K$479.8K
-8.0%
5+ $498.4K$439.9K
-11.7%

Summary: 34208 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 11.7%.

Median Sold Price Compared To Nearby Zip Codes

34205
+12.6%
34221
-0.3%
34222
-2.6%
34208
-3.3%
34203
-5.5%

Housing Supply in 34208, FL

How many homes are available in 34208, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
195221+13.3%

Summary: The 34208 real estate market had 221 homes for sale in November 2024, a 13.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 3550
+42.9%
3 101111
+9.9%
4 3837
-2.6%
5+ 1819
+5.6%

Summary: The 34208 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2623-11.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34208, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 34208 in November 2024, down by 11.5% month-over-month. Of the 23 sold homes, 65% were sold under asking, 30% were sold at asking, and 4% were sold over asking.

Days on Market for 34208, FL

How long does it take to sell a home in 34208, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
98 Days61 Days-37.2%

Summary: Homes in 34208 had an average of 61 days on market in Nov 2024, down by 37.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 34208 has remained consistent over time.

Summary: During November 2024, 23 homes were sold in 34208; 26% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 26% 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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