Is 34224, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34224 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 34224 was a Seller's Market.

Key Takeaway

34224 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34224, FL

How much do homes in 34224, FL cost?

Median Sold Price

$325,290

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$11,710(-3.5%)

Key Takeaway

Homes in 34224 have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in 34224 was $325,290 in October 2024, down 3.5% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $79K$100K
+26.6%
2 $269.7K$258.4K
-4.2%
3 $399.9K$385K
-3.7%
4 $384K$427.1K
+11.2%
5+ $550K$540K
-1.8%

Summary: 34224 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

33946
+1.9%
34223
+1.7%
33981
-2.9%
34224
-3.5%
33947
-7.6%

Housing Supply in 34224, FL

How many homes are available in 34224, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
219224+2.3%

Summary: The 34224 real estate market had 224 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 7679
+3.9%
3 114118
+3.5%
4 2118
-14.3%
5+ 78
+14.3%

Summary: The 34224 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 increased by 3.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2427+12.5%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34224, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 34224 in October 2024, up by 12.5% month-over-month. Of the 27 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.

Days on Market for 34224, FL

How long does it take to sell a home in 34224, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days82 Days+56.2%

Summary: Homes in 34224 had an average of 82 days on market in Oct 2024, up by 56.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 34224 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 34224; 37% of homes were sold within 30 days, 30% 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 14 Days Ago

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