$2,850 Closing Credit*
$240,000
1,054 SqFt
2 Beds
•2 Full Baths
Kimberly Watson-Johnson, Listing Office: RE/MAX ALLIANCE GROUP
Is Elfers, 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, Elfers was a Seller's Market.
Key Takeaway
Elfers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elfers, FL
How much do homes in Elfers, FL cost?
Median Sold Price
$235,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,931(-2.1%)
Key Takeaway
Homes in Elfers have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Elfers was $235,000 in November 2024, down 2.1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $50K | -60.0% |
| 2 Bedrooms | $225.5K | $220K | -2.4% |
| 3 Bedrooms | $263K | $266K | +1.1% |
| 4 Bedrooms | $375K | $342.5K | -8.7% |
| 5+ Bedrooms | $415K | $433K | +4.3% |
Summary: Elfers housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeast New Port Richey | $232K | $235K | +1.3% |
| Elfers | $239.9K | $235K | -2.1% |
Housing Supply in Elfers, FL
How many homes are available in Elfers, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 97 | 94 | -3.1% |
Summary: The Elfers real estate market had 94 homes for sale in November 2024, a 3.1% decrease 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 | 52 | 51 | -1.9% |
| 3 Bedrooms | 40 | 37 | -7.5% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Elfers 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 decreased by 1.9%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 10 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elfers, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Elfers in November 2024, down by 44.4% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for Elfers, FL
How long does it take to sell a home in Elfers, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 42 Days | +49.9% |
Summary: Homes in Elfers had an average of 42 days on market in Nov 2024, up by 49.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elfers are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Elfers; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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