$4,619 Closing Credit*
$389,000
1,320 SqFt
2 Beds
•2 Full Baths
Lyuba Hubbard, Listing Office: MEDWAY REALTY
Is Cortez, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cortez has remained a Buyer's Market.
Key Takeaway
Cortez is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cortez, FL
How much do homes in Cortez, FL cost?
Median Sold Price
$430,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$84,995(-16.5%)
Key Takeaway
Homes in Cortez have sold for 16.5% less than they did a year ago.
Summary: The median home sold price in Cortez was $430,000 in October 2024, down 16.5% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $132.6K | -45.9% |
| 2 Bedrooms | $385K | $329K | -14.5% |
| 3 Bedrooms | $675K | $935.2K | +38.6% |
| 4 Bedrooms | $598.4K | $950K | +58.7% |
| 5+ Bedrooms | $1.2M | $675K | -43.8% |
Summary: Cortez housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.9%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes increased by 38.6%, 4 bedroom homes increased by 58.7%, and 5+ bedroom homes decreased by 43.8%.
Housing Supply in Cortez, FL
How many homes are available in Cortez, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Summary: The Cortez real estate market had 50 homes for sale in October 2024, a 6.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 20 | 22 | +10.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cortez housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 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 Cortez, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Cortez in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cortez, FL
How long does it take to sell a home in Cortez, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 73 Days | +304.6% |
Summary: Homes in Cortez had an average of 73 days on market in Oct 2024, up by 304.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cortez are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Cortez; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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