Is 34231, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34231 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 34231 has remained a Buyer's Market.

Key Takeaway

34231 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34231, FL

How much do homes in 34231, FL cost?

Median Sold Price

$420,707

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,675(+0.9%)

Key Takeaway

Homes in 34231 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 34231 was $420,707 in October 2024, up 0.9% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K$172.5K
-15.9%
2 $350K$329.9K
-5.7%
3 $531.2K$525K
-1.2%
4 $1.2M$840K
-30.0%
5+ $2.1M$1.5M
-26.1%

Summary: 34231 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.9%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 26.1%.

Median Sold Price Compared To Nearby Zip Codes

34229
+15.1%
34239
+3.7%
34238
+3.1%
34231
+0.9%
34233
-3.4%

Housing Supply in 34231, FL

How many homes are available in 34231, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
292294+0.7%

Summary: The 34231 real estate market had 294 homes for sale in October 2024, a 0.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1314
+7.7%
2 123128
+4.1%
3 117110
-6.0%
4 3437
+8.8%
5+ 55
0.0%

Summary: The 34231 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4032-20.0%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34231, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 34231 in October 2024, down by 20.0% month-over-month. Of the 32 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% were sold over asking.

Days on Market for 34231, FL

How long does it take to sell a home in 34231, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days59 Days+22.6%

Summary: Homes in 34231 had an average of 59 days on market in Oct 2024, up by 22.6% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 34231 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in 34231; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% 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 34231, FL

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