$264,900
13.56 Acres
Land
Milan Korec, Listing Office: KELLER WILLIAMS REALTY GULF COAST
Is Buffalo Mill Creek, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Buffalo Mill Creek has remained a Seller's Market.
Key Takeaway
Buffalo Mill Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buffalo Mill Creek, FL
How much do homes in Buffalo Mill Creek, FL cost?
Median Sold Price
$410,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$9,695(+2.4%)
Key Takeaway
Homes in Buffalo Mill Creek have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Buffalo Mill Creek was $410,000 in August 2024, up 2.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $277K | +15.4% |
| 3 Bedrooms | $325K | $372.5K | +14.6% |
| 4 Bedrooms | $385.4K | $426K | +10.5% |
| 5+ Bedrooms | $456.9K | $428.9K | -6.1% |
Summary: Buffalo Mill Creek housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Buffalo Mill Creek | $400.3K | $410K | +2.4% |
| Wallace | $495.8K | $504.9K | +1.8% |
Housing Supply in Buffalo Mill Creek, FL
How many homes are available in Buffalo Mill Creek, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The Buffalo Mill Creek real estate market had 24 homes for sale in August 2024, a 17.2% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 17 | 12 | -29.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Buffalo Mill Creek housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 29.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Buffalo Mill Creek, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Buffalo Mill Creek in August 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Buffalo Mill Creek, FL
How long does it take to sell a home in Buffalo Mill Creek, FL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 30 Days | 21 Days | -29.2% |
Summary: Homes in Buffalo Mill Creek had an average of 21 days on market in Aug 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buffalo Mill Creek are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 8 homes were sold in Buffalo Mill Creek; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.