$6,175 Closing Credit*
$520,000
744 SqFt
3 Beds
•1 Full Bath
Sergio Carrasco, Listing Office: Keller Williams Capital Realty
Is Driftwood, 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, Driftwood was a Seller's Market.
Key Takeaway
Driftwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Driftwood, FL
How much do homes in Driftwood, FL cost?
Median Sold Price
$500,000
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,000(+8.7%)
Key Takeaway
Homes in Driftwood have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Driftwood was $500,000 in November 2024, up 8.7% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $399.9K | +6.6% |
| 3 Bedrooms | $460K | $494K | +7.4% |
| 4 Bedrooms | $485K | $542.5K | +11.9% |
| 5+ Bedrooms | $600K | $500K | -16.7% |
Summary: Driftwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Walnut Creek Park | $507.5K | $625K | +23.2% |
| Boulevard Heights | $447.5K | $495K | +10.6% |
| Driftwood | $460K | $500K | +8.7% |
| Carriage | $172.5K | $187.5K | +8.7% |
Housing Supply in Driftwood, FL
How many homes are available in Driftwood, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 42 | +10.5% |
Summary: The Driftwood real estate market had 42 homes for sale in November 2024, a 10.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 24 | 29 | +20.8% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Driftwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Driftwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Driftwood in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Driftwood, FL
How long does it take to sell a home in Driftwood, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 28 Days | -28.9% |
Summary: Homes in Driftwood had an average of 28 days on market in Nov 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Driftwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Driftwood; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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