$6,531 Closing Credit*
$550,000
1,902 SqFt
5 Beds
•4 Full Baths, 1 Partial
Gisela Hazan, Listing Office: EXP Realty LLC
Is Florida City, 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, Florida City was a Seller's Market.
Key Takeaway
Florida City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Florida City, FL
How much do homes in Florida City, FL cost?
Median Sold Price
$422,110
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,120(+8.0%)
Key Takeaway
Homes in Florida City have sold for 8% more than they did a year ago.
Summary: The median home sold price in Florida City was $422,110 in November 2024, up 8% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $370K | N/A |
| 2 Bedrooms | $330K | $305K | -7.6% |
| 3 Bedrooms | $371K | $409K | +10.2% |
| 4 Bedrooms | $398K | $440K | +10.6% |
| 5+ Bedrooms | $525K | $569.9K | +8.6% |
Summary: Florida City 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 decreased by 7.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Florida City | $390.9K | $422.1K | +8.0% |
| Homestead | $434.3K | $468.6K | +7.9% |
Housing Supply in Florida City, FL
How many homes are available in Florida City, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 119 | 127 | +6.7% |
Summary: The Florida City real estate market had 127 homes for sale in November 2024, a 6.7% 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 | 7 | 9 | +28.6% |
| 3 Bedrooms | 54 | 64 | +18.5% |
| 4 Bedrooms | 28 | 28 | 0.0% |
| 5+ Bedrooms | 30 | 26 | -13.3% |
Summary: The Florida City 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 28.6%, 3 bedroom homes increased by 18.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 12 | -40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florida City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Florida City in November 2024, down by 40.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Florida City, FL
How long does it take to sell a home in Florida City, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 67 Days | 49 Days | -26.5% |
Summary: Homes in Florida City had an average of 49 days on market in Nov 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Florida City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Florida City; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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