$7,481 Closing Credit*
$630,000
845 SqFt
1 Bed
•1 Full Bath, 1 Partial
Minotchka Zuloaga, Listing Office: Douglas Elliman
Is Downtown, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Downtown has remained a Buyer's Market.
Key Takeaway
Downtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown, FL
How much do homes in Downtown, FL cost?
Median Sold Price
$570,000
$563/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,666(-2.7%)
Key Takeaway
Homes in Downtown have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Downtown was $570,000 in November 2024, down 2.7% from last year, and the median price per square foot was $563.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $421.2K | -2.0% |
| 2 Bedrooms | $640K | $630K | -1.6% |
| 3 Bedrooms | $1.1M | $1.1M | -6.4% |
| 4 Bedrooms | $3.5M | $7.0M | +100.0% |
| 5+ Bedrooms | $18.2M | $7.9M | -56.7% |
Summary: Downtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 56.7%.
Housing Supply in Downtown, FL
How many homes are available in Downtown, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 653 | 731 | +11.9% |
Summary: The Downtown real estate market had 731 homes for sale in November 2024, a 11.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 279 | 311 | +11.5% |
| 2 Bedrooms | 251 | 274 | +9.2% |
| 3 Bedrooms | 78 | 92 | +17.9% |
| 4 Bedrooms | 31 | 38 | +22.6% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Downtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 24 | -31.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown, you may be able to get a good deal. 70.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Downtown in November 2024, down by 31.4% month-over-month. Of the 24 sold homes, 71% were sold under asking, 25% were sold at asking, and 4% were sold over asking.
Days on Market for Downtown, FL
How long does it take to sell a home in Downtown, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 57 Days | +2.4% |
Summary: Homes in Downtown had an average of 57 days on market in Nov 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Downtown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 24 homes were sold in Downtown; 42% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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