$7,541 Closing Credit*
$635,000
1,988 SqFt
4 Beds
•2 Full Baths
Vanessa Leonard, Listing Office: KELLER WILLIAMS REALTY- PALM H
Is 34685, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 34685 was a Seller's Market.
Key Takeaway
34685 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34685, FL
How much do homes in 34685, FL cost?
Median Sold Price
$534,925
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,825(+15.3%)
Key Takeaway
Homes in 34685 have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in 34685 was $534,925 in October 2024, up 15.3% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177K | - | N/A |
| 2 Bedrooms | $286.9K | $300K | +4.5% |
| 3 Bedrooms | $445K | $506K | +13.7% |
| 4 Bedrooms | $750K | $758.2K | +1.1% |
| 5+ Bedrooms | $885K | $934.9K | +5.6% |
Summary: 34685 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 4.5%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in 34685, FL
How many homes are available in 34685, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 133 | 126 | -5.3% |
Summary: The 34685 real estate market had 126 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 46 | 50 | +8.7% |
| 3 Bedrooms | 40 | 35 | -12.5% |
| 4 Bedrooms | 36 | 30 | -16.7% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 34685 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 increased by 8.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 13 | -43.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34685, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 34685 in October 2024, down by 43.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 46% were sold at asking, and 0% were sold over asking.
Days on Market for 34685, FL
How long does it take to sell a home in 34685, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 74 Days | +339.8% |
Summary: Homes in 34685 had an average of 74 days on market in Oct 2024, up by 339.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 34685 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 13 homes were sold in 34685; 31% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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