$3,420 Closing Credit*
$288,000
1,790 SqFt
3 Beds
•2 Full Baths
Melonie Haag, Listing Office: EPIQUE REALTY INC
Is Floral City, 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, Floral City was a Seller's Market.
Key Takeaway
Floral City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Floral City, FL
How much do homes in Floral City, FL cost?
Median Sold Price
$246,750
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,250(-5.1%)
Key Takeaway
Homes in Floral City have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Floral City was $246,750 in October 2024, down 5.1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $205K | $182K | -11.2% |
| 3 Bedrooms | $341.7K | $318.8K | -6.7% |
| 4 Bedrooms | $270K | $271K | 0.4% |
| 5+ Bedrooms | - | $890K | N/A |
Summary: Floral City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.2%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lake Panasoffkee | $160K | $212K | +32.5% |
| Bushnell-Center Hill | $252.4K | $266K | +5.4% |
| Lecanto | $292.7K | $297K | +1.4% |
| Floral City | $260K | $246.7K | -5.1% |
Housing Supply in Floral City, FL
How many homes are available in Floral City, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 43 | +19.4% |
Summary: The Floral City real estate market had 43 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 | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Floral City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
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 Floral City, 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 Floral City in October 2024, the same as the previous 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 Floral City, FL
How long does it take to sell a home in Floral City, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 152 Days | +486.5% |
Summary: Homes in Floral City had an average of 152 days on market in Oct 2024, up by 486.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Floral City 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 Floral City; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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