$37,500
0.29 Acres
Land
Kenneth Doran, Listing Office: EXIT GULF COAST REALTY
Is DeSoto County, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, DeSoto County was a Seller's Market.
Key Takeaway
DeSoto County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in DeSoto County, FL
How much do homes in DeSoto County, FL cost?
Median Sold Price
$272,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,166(+9.7%)
Key Takeaway
Homes in DeSoto County have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in DeSoto County was $272,500 in October 2024, up 9.7% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $411.5K | $178K | -56.7% |
| 2 Bedrooms | $175K | $195K | +11.4% |
| 3 Bedrooms | $272K | $290K | +6.6% |
| 4 Bedrooms | $295K | $342.1K | +16.0% |
| 5+ Bedrooms | $335K | $738K | +120.3% |
Summary: DeSoto County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.7%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 120.3%.
Median Sold Price Compared To Nearby Counties
| DeSoto County | $248.3K | $272.5K | +9.7% |
| Sarasota County | $449.1K | $449.5K | 0.1% |
| Manatee County | $468.7K | $465.6K | -0.7% |
| Charlotte County | $362K | $349.9K | -3.3% |
Housing Supply in DeSoto County, FL
How many homes are available in DeSoto County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 161 | 155 | -3.7% |
Summary: The DeSoto County real estate market had 155 homes for sale in October 2024, a 3.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 34 | 37 | +8.8% |
| 3 Bedrooms | 88 | 78 | -11.4% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The DeSoto County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in DeSoto County, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in DeSoto County in October 2024, down by 25.0% month-over-month. Of the 15 sold homes, 87% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for DeSoto County, FL
How long does it take to sell a home in DeSoto County, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 92 Days | +123.1% |
Summary: Homes in DeSoto County had an average of 92 days on market in Oct 2024, up by 123.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in DeSoto County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in DeSoto County; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.