$10,000 Closing Credit*
$1,499,000
1,513 SqFt
2 Beds
•2 Full Baths, 1 Partial
Bruce Myer, Listing Office: COLDWELL BANKER REALTY
Is Five Points, 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, Five Points was a Seller's Market.
Key Takeaway
Five Points is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Five Points, FL
How much do homes in Five Points, FL cost?
Median Sold Price
$1,242,500
$710/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$107,500(-8.0%)
Key Takeaway
Homes in Five Points have sold for 8% less than they did a year ago.
Summary: The median home sold price in Five Points was $1,242,500 in October 2024, down 8% from last year, and the median price per square foot was $710.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $530K | $479K | -9.6% |
| 2 Bedrooms | $1.1M | $1.0M | -7.1% |
| 3 Bedrooms | $2.6M | $1.9M | -27.7% |
| 4 Bedrooms | $4.2M | $3.1M | -24.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Five Points housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 27.7%, 4 bedroom homes decreased by 24.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Sarasota | $1.1M | $1.2M | +8.4% |
| Five Points | $1.3M | $1.2M | -8.0% |
Housing Supply in Five Points, FL
How many homes are available in Five Points, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The Five Points real estate market had 37 homes for sale in October 2024, a 19.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Five Points housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Five Points, 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 Five Points in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Five Points, FL
How long does it take to sell a home in Five Points, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 109 Days | +103.7% |
Summary: Homes in Five Points had an average of 109 days on market in Oct 2024, up by 103.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Five Points are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Five Points; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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