$10,000 Closing Credit*
$1,800,000
960 SqFt
1 Bed
•1 Full Bath, 1 Partial
Daniel Bajaroff, Listing Office: DK International Rlty Inc.
Is City Center, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, City Center was a Neutral Market.
Key Takeaway
City Center is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in City Center, FL
How much do homes in City Center, FL cost?
Median Sold Price
$562,500
$717/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$65,000(+13.1%)
Key Takeaway
Homes in City Center have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in City Center was $562,500 in November 2024, up 13.1% from last year, and the median price per square foot was $717.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $400K | -8.0% |
| 2 Bedrooms | $680K | $1.5M | +133.5% |
| 3 Bedrooms | $4.2M | $5.4M | +27.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: City Center housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 133.5%, 3 bedroom homes increased by 27.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Bayshore | $1.7M | $2.4M | +44.6% |
| City Center | $497.5K | $562.5K | +13.1% |
| Ocean Front | $567.5K | $600K | +5.7% |
| Flamingo / Lummus | $295K | $290K | -1.7% |
Housing Supply in City Center, FL
How many homes are available in City Center, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 149 | 166 | +11.4% |
Summary: The City Center real estate market had 166 homes for sale in November 2024, a 11.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 80 | 88 | +10.0% |
| 2 Bedrooms | 56 | 60 | +7.1% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 0 | 3 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The City Center housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 3 | -76.9% |
Asking Price vs. Sold Price
3 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 City Center, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in City Center in November 2024, down by 76.9% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for City Center, FL
How long does it take to sell a home in City Center, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 93 Days | 183 Days | +97.0% |
Summary: Homes in City Center had an average of 183 days on market in Nov 2024, up by 97% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in City Center are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in City Center; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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