Is 34947, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 34947 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 34947 was a Seller's Market.

Key Takeaway

34947 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 34947, FL

How much do homes in 34947, FL cost?

Median Sold Price

$299,500

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$40,500(-11.9%)

Key Takeaway

Homes in 34947 have sold for 11.9% less than they did a year ago.

Summary: The median home sold price in 34947 was $299,500 in October 2024, down 11.9% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $240K$120K
-50.0%
3 $336.5K$299K
-11.1%
4 $356K$310K
-12.9%
5+ $391.4K$415.9K
+6.2%

Summary: 34947 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 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

34951
+7.0%
34946
-1.4%
34950
-4.7%
34947
-11.9%

Housing Supply in 34947, FL

How many homes are available in 34947, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4956+14.3%

Summary: The 34947 real estate market had 56 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 77
0.0%
3 1921
+10.5%
4 1517
+13.3%
5+ 811
+37.5%

Summary: The 34947 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 remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 34947, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 34947 in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 34947, FL

How long does it take to sell a home in 34947, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days57 Days+141.3%

Summary: Homes in 34947 had an average of 57 days on market in Oct 2024, up by 141.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 34947 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 34947; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 13 Days Ago

Newest Listings in 34947, FL

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