Is 34431, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34431 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 34431 was a Seller's Market.

Key Takeaway

34431 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 34431, FL

How much do homes in 34431, FL cost?

Median Sold Price

$249,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,750(-5.9%)

Key Takeaway

Homes in 34431 have sold for 5.9% less than they did a year ago.

Summary: The median home sold price in 34431 was $249,000 in October 2024, down 5.9% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $152.5K$202.5K
+32.8%
2 $208K$204.5K
-1.7%
3 $270K$249K
-7.8%
4 $325K$339.9K
+4.6%
5+ $445K$629.9K
+41.6%

Summary: 34431 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.8%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 41.6%.

Median Sold Price Compared To Nearby Zip Codes

34432
+4.1%
34433
-0.2%
34434
-1.0%
34431
-5.9%

Housing Supply in 34431, FL

How many homes are available in 34431, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
144145+0.7%

Summary: The 34431 real estate market had 145 homes for sale in October 2024, a 0.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1718
+5.9%
3 108108
0.0%
4 1617
+6.3%
5+ 22
0.0%

Summary: The 34431 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2823-17.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34431, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 34431 in October 2024, down by 17.9% month-over-month. Of the 23 sold homes, 61% were sold under asking, 26% were sold at asking, and 13% were sold over asking.

Days on Market for 34431, FL

How long does it take to sell a home in 34431, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days41 Days+38.9%

Summary: Homes in 34431 had an average of 41 days on market in Oct 2024, up by 38.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 34431 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 34431; 57% of homes were sold within 30 days, 22% 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 34431, FL

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