$10,000 Closing Credit*
$1,699,000
2,818 SqFt
5 Beds
•3 Full Baths
Bradley Hurst, Listing Office: Illustrated Properties LLC (Jupiter)
Is 34997, 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, 34997 was a Seller's Market.
Key Takeaway
34997 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34997, FL
How much do homes in 34997, FL cost?
Median Sold Price
$452,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,420(+9.8%)
Key Takeaway
Homes in 34997 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 34997 was $452,000 in October 2024, up 9.8% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.9K | $178.7K | -0.7% |
| 2 Bedrooms | $295K | $308.5K | +4.6% |
| 3 Bedrooms | $422K | $473.3K | +12.2% |
| 4 Bedrooms | $710K | $700K | -1.4% |
| 5+ Bedrooms | $825K | $652.5K | -20.9% |
Summary: 34997 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 20.9%.
Housing Supply in 34997, FL
How many homes are available in 34997, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 276 | 285 | +3.3% |
Summary: The 34997 real estate market had 285 homes for sale in October 2024, a 3.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 86 | 83 | -3.5% |
| 3 Bedrooms | 123 | 126 | +2.4% |
| 4 Bedrooms | 49 | 53 | +8.2% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The 34997 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 34 | -12.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34997, you may be able to get a good deal. 73.5% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in 34997 in October 2024, down by 12.8% month-over-month. Of the 34 sold homes, 74% were sold under asking, 15% were sold at asking, and 12% were sold over asking.
Days on Market for 34997, FL
How long does it take to sell a home in 34997, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 57 Days | +62.8% |
Summary: Homes in 34997 had an average of 57 days on market in Oct 2024, up by 62.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 34997 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in 34997; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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