Is 34229, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34229 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 34229 has remained a Buyer's Market.

Key Takeaway

34229 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34229, FL

How much do homes in 34229, FL cost?

Median Sold Price

$850,000

$337/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$111,500(+15.1%)

Key Takeaway

Homes in 34229 have sold for 15.1% more than they did a year ago.

Summary: The median home sold price in 34229 was $850,000 in October 2024, up 15.1% from last year, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $217.5K$203.7K
-6.3%
2 $435K$372.7K
-14.3%
3 $770.7K$775K
+0.6%
4 $1.0M$1.2M
+22.0%
5+ $2.2M$2.2M
0.0%

Summary: 34229 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 22%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

34229
+15.1%
34242
+4.0%
34238
+3.1%
34231
+0.9%
34275
-7.4%

Housing Supply in 34229, FL

How many homes are available in 34229, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
106110+3.8%

Summary: The 34229 real estate market had 110 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1719
+11.8%
3 6064
+6.7%
4 2220
-9.1%
5+ 66
0.0%

Summary: The 34229 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 11.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
512+140.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34229, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 34229 in October 2024, up by 140.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for 34229, FL

How long does it take to sell a home in 34229, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days51 Days+16.9%

Summary: Homes in 34229 had an average of 51 days on market in Oct 2024, up by 16.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 34229 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 34229; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% 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

Newest Listings in 34229, FL

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