Is Floral City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Floral City is a buyer's market

Buyer's
Market

Difference Since September 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

$270,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,000(+3.8%)

Key Takeaway

Homes in Floral City have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Floral City was $270,000 in September 2024, up 3.8% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $90K-
N/A
2 $207.5K$173.5K
-16.4%
3 $343.5K$318.8K
-7.2%
4 $260K$280K
+7.7%
5+ -$890K
N/A

Summary: Floral City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.4%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lake Panasoffkee
+21.9%
Floral City
+3.8%
Bushnell-Center Hill
+2.0%
Lecanto
0.3%

Housing Supply in Floral City, FL

How many homes are available in Floral City, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3637+2.8%

Summary: The Floral City real estate market had 37 homes for sale in September 2024, a 2.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 1720
+17.6%
4 87
-12.5%
5+ 22
0.0%

Summary: The Floral City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Floral City, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Floral City in September 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
49 Days38 Days-23.1%

Summary: Homes in Floral City had an average of 38 days on market in Sep 2024, down by 23.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Floral City are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in Floral City; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Floral City, FL

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