$7,005 Closing Credit*
$589,900
1,249 SqFt
2 Beds
•2 Full Baths
Silvia Lorse, Listing Office: RE/MAX 5 Star Realty
Is Central Business District, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Central Business District was a Neutral Market.
Key Takeaway
Central Business District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Business District, FL
How much do homes in Central Business District, FL cost?
Median Sold Price
$477,500
$311/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$47,500(-9.0%)
Key Takeaway
Homes in Central Business District have sold for 9% less than they did a month ago.
Summary: The median home sold price in Central Business District was $477,500 in November 2024, down 9% from last month, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $265K | +51.4% |
| 2 Bedrooms | $393.5K | - | N/A |
| 3 Bedrooms | - | $690K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $960K | - | N/A |
Summary: Central Business District housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 51.4%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Central Business District | $525K | $477.5K | -9.0% |
| Royal Poinciana | $475K | $245K | -48.4% |
Housing Supply in Central Business District, FL
How many homes are available in Central Business District, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 33 | +6.5% |
Summary: The Central Business District real estate market had 33 homes for sale in November 2024, a 6.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Central Business District housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Business District, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Central Business District in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Central Business District, FL
How long does it take to sell a home in Central Business District, FL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 37 Days | -34.4% |
Summary: Homes in Central Business District had an average of 37 days on market in Nov 2024, down by 34.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Business District are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Central Business District; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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