Is 34602, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34602 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 34602 has remained a Buyer's Market.

Key Takeaway

34602 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34602, FL

How much do homes in 34602, FL cost?

Median Sold Price

$291,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,000(+0.3%)

Key Takeaway

The sold price of homes in 34602 has remained the same since last year.

Summary: The median home sold price in 34602 was $291,000 in November 2024, up 0.3% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110K$32.5K
-70.5%
2 $225K$230K
+2.2%
3 $289.9K$290.9K
0.3%
4 $370K$362.5K
-2.0%
5+ $367K$420K
+14.4%

Summary: 34602 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.5%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Zip Codes

33523
+5.6%
34602
0.3%
34601
-1.0%

Housing Supply in 34602, FL

How many homes are available in 34602, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
121122+0.8%

Summary: The 34602 real estate market had 122 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 1821
+16.7%
3 6359
-6.3%
4 1822
+22.2%
5+ 1917
-10.5%

Summary: The 34602 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2315-34.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34602, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 34602 in November 2024, down by 34.8% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.

Days on Market for 34602, FL

How long does it take to sell a home in 34602, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days83 Days+173.7%

Summary: Homes in 34602 had an average of 83 days on market in Nov 2024, up by 173.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 34602 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 15 homes were sold in 34602; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 27% 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 17 Days Ago

Newest Listings in 34602, FL

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