Is 34731, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34731 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 34731 was a Seller's Market.

Key Takeaway

34731 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34731, FL

How much do homes in 34731, FL cost?

Median Sold Price

$340,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$11,000(-3.1%)

Key Takeaway

Homes in 34731 have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in 34731 was $340,000 in October 2024, down 3.1% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$180K
N/A
2 $240.7K$200K
-16.9%
3 $340K$340K
0.0%
4 $380K$384.9K
+1.3%
5+ $371.4K$485K
+30.6%

Summary: 34731 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 decreased by 16.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 30.6%.

Median Sold Price Compared To Nearby Zip Codes

32159
+4.8%
34788
+1.9%
34748
+1.0%
32162
-0.4%
34731
-3.1%

Housing Supply in 34731, FL

How many homes are available in 34731, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9093+3.3%

Summary: The 34731 real estate market had 93 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 5259
+13.5%
4 2525
0.0%
5+ 53
-40.0%

Summary: The 34731 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 25%, 3 bedroom homes increased by 13.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
178-52.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34731, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 34731 in October 2024, down by 52.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for 34731, FL

How long does it take to sell a home in 34731, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days55 Days+9.5%

Summary: Homes in 34731 had an average of 55 days on market in Oct 2024, up by 9.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 34731 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 34731; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 34731, FL

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