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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadwater is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Broadwater, FL

How much do homes in Broadwater, FL cost?

Median Sold Price

$215,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$125,000(-36.8%)

Key Takeaway

Homes in Broadwater have sold for 36.8% less than they did a year ago.

Summary: The median home sold price in Broadwater was $215,000 in November 2024, down 36.8% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $147K$109.6K
-25.4%
2 $206K$175K
-15.0%
3 $705K$809.5K
+14.8%
4 $1.0M$705K
-30.5%
5+ $2.3M-
N/A

Summary: Broadwater housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.4%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 30.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Lakewood Estates
+6.5%
Maximo
-5.7%
Clam Bayou
-13.2%
Broadwater
-36.8%

Housing Supply in Broadwater, FL

How many homes are available in Broadwater, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2124+14.3%

Summary: The Broadwater real estate market had 24 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 45
+25.0%
2 811
+37.5%
3 54
-20.0%
4 22
0.0%
5+ 22
0.0%

Summary: The Broadwater housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadwater, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Broadwater in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Broadwater, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
87 Days72 Days-17.0%

Summary: Homes in Broadwater had an average of 72 days on market in Nov 2024, down by 17% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Broadwater; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 17 Days Ago

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