Is Crescent City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crescent City is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Crescent City was a Neutral Market.

Key Takeaway

Crescent City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Crescent City, FL

How much do homes in Crescent City, FL cost?

Median Sold Price

$238,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,010(+1.3%)

Key Takeaway

Homes in Crescent City have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Crescent City was $238,000 in October 2024, up 1.3% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $265K-
N/A
2 $150K$110K
-26.7%
3 $269.9K$237.4K
-12.0%
4 $265K$245.9K
-7.2%
5+ $1.0M-
N/A

Summary: Crescent City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes did not change.

Housing Supply in Crescent City, FL

How many homes are available in Crescent City, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
43430.0%

Summary: The Crescent City real estate market had 43 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 2526
+4.0%
4 77
0.0%
5+ 33
0.0%

Summary: The Crescent City 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 decreased by 12.5%, 3 bedroom homes increased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crescent City, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Crescent City in October 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Crescent City, FL

How long does it take to sell a home in Crescent City, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
95 Days47 Days-50.7%

Summary: Homes in Crescent City had an average of 47 days on market in Oct 2024, down by 50.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Crescent City are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Crescent City; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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