Is 34638, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34638 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 34638 has remained a Seller's Market.

Key Takeaway

34638 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 34638, FL

How much do homes in 34638, FL cost?

Median Sold Price

$410,785

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$39,114(-8.7%)

Key Takeaway

Homes in 34638 have sold for 8.7% less than they did a year ago.

Summary: The median home sold price in 34638 was $410,785 in October 2024, down 8.7% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $343.5K$344.9K
0.4%
3 $397K$374.6K
-5.6%
4 $515K$513.5K
-0.3%
5+ $663.7K$602K
-9.3%

Summary: 34638 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes decreased by 9.3%.

Median Sold Price Compared To Nearby Zip Codes

33558
+3.8%
34639
+2.5%
34655
-0.5%
34637
-3.1%
34638
-8.7%

Housing Supply in 34638, FL

How many homes are available in 34638, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
322284-11.8%

Summary: The 34638 real estate market had 284 homes for sale in October 2024, a 11.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 5441
-24.1%
3 132125
-5.3%
4 9279
-14.1%
5+ 4439
-11.4%

Summary: The 34638 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 decreased by 24.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 11.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6550-23.1%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34638, expect to pay close to the asking price. 46% of homes here sold near the asking price last month.

Summary: A total of 50 homes were sold or pending in 34638 in October 2024, down by 23.1% month-over-month. Of the 50 sold homes, 44% were sold under asking, 46% were sold at asking, and 10% were sold over asking.

Days on Market for 34638, FL

How long does it take to sell a home in 34638, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days49 Days+61.4%

Summary: Homes in 34638 had an average of 49 days on market in Oct 2024, up by 61.4% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 34638 has remained consistent over time.

Summary: During October 2024, 50 homes were sold in 34638; 42% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 14% 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 34638, FL

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