$4,453 Closing Credit*
$375,000
1,255 SqFt
2 Beds
•2 Full Baths
CHRIS RANKIN, Listing Office: RE/MAX PALM REALTY
Is 34229, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 34229 was a Neutral 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 November 2023
+$106,000(+14.2%)
Key Takeaway
Homes in 34229 have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in 34229 was $850,000 in November 2024, up 14.2% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $203.7K | -5.2% |
| 2 Bedrooms | $435K | $402.5K | -7.5% |
| 3 Bedrooms | $766.5K | $770K | 0.5% |
| 4 Bedrooms | $1.0M | $1.2M | +18.3% |
| 5+ Bedrooms | $2.2M | $2.5M | +14.1% |
Summary: 34229 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 14.1%.
Housing Supply in 34229, FL
How many homes are available in 34229, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 110 | 123 | +11.8% |
Summary: The 34229 real estate market had 123 homes for sale in November 2024, a 11.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 19 | 25 | +31.6% |
| 3 Bedrooms | 66 | 71 | +7.6% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 34229 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34229, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 34229 in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 169 Days | +136.1% |
Summary: Homes in 34229 had an average of 169 days on market in Nov 2024, up by 136.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 34229 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 10 homes were sold in 34229; 20% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 70% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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