$5,125 Closing Credit*
$431,600
2,265 SqFt
4 Beds
•3 Full Baths
Mark Fowler, Listing Office: Adams Homes Realty Inc
Is Burnt Store, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Burnt Store has remained a Buyer's Market.
Key Takeaway
Burnt Store is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Burnt Store, FL
How much do homes in Burnt Store, FL cost?
Median Sold Price
$429,115
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$20,884(-4.6%)
Key Takeaway
Homes in Burnt Store have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Burnt Store was $429,115 in November 2024, down 4.6% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | - | N/A |
| 2 Bedrooms | $399.5K | $333K | -16.6% |
| 3 Bedrooms | $481.6K | $449.3K | -6.7% |
| 4 Bedrooms | $469.2K | $425K | -9.4% |
| 5+ Bedrooms | $850K | $1.9M | +129.4% |
Summary: Burnt Store housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.6%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 129.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Mariner | $374.7K | $368.6K | -1.6% |
| Burnt Store | $450K | $429.1K | -4.6% |
| Burnt Store Marina | $445K | $396.5K | -10.9% |
Housing Supply in Burnt Store, FL
How many homes are available in Burnt Store, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 709 | 793 | +11.8% |
Summary: The Burnt Store real estate market had 793 homes for sale in November 2024, a 11.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 67 | 69 | +3.0% |
| 3 Bedrooms | 393 | 449 | +14.2% |
| 4 Bedrooms | 235 | 262 | +11.5% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Burnt Store housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 34 | -20.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Burnt Store, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Burnt Store in November 2024, down by 20.9% month-over-month. Of the 34 sold homes, 68% were sold under asking, 18% were sold at asking, and 15% were sold over asking.
Days on Market for Burnt Store, FL
How long does it take to sell a home in Burnt Store, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 104 Days | +59.3% |
Summary: Homes in Burnt Store had an average of 104 days on market in Nov 2024, up by 59.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Burnt Store are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 34 homes were sold in Burnt Store; 15% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.
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