Is Fruit Cove, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fruit Cove is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Fruit Cove was a Seller's Market.

Key Takeaway

Fruit Cove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Fruit Cove, FL

How much do homes in Fruit Cove, FL cost?

Median Sold Price

$535,166

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$24,625(-4.4%)

Key Takeaway

Homes in Fruit Cove have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in Fruit Cove was $535,166 in November 2024, down 4.4% from last year, and the median price per square foot was $235.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $425K-
N/A
2 $409.7K$295K
-28.0%
3 $448.2K$425K
-5.2%
4 $582.7K$565K
-3.1%
5+ $755.8K$751K
-0.6%

Summary: Fruit Cove 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 28%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Cities

Jacksonville East
+6.0%
Fleming Island
+5.7%
Jacksonville
+2.4%
Saint Johns
-3.8%
Fruit Cove
-4.4%

Housing Supply in Fruit Cove, FL

How many homes are available in Fruit Cove, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4344360.5%

Summary: The Fruit Cove real estate market had 436 homes for sale in November 2024, a 0.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 5647
-16.1%
3 127140
+10.2%
4 172170
-1.2%
5+ 7979
0.0%

Summary: The Fruit Cove 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 16.1%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8166-18.5%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fruit Cove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Fruit Cove in November 2024, down by 18.5% month-over-month. Of the 66 sold homes, 67% were sold under asking, 27% were sold at asking, and 6% were sold over asking.

Days on Market for Fruit Cove, FL

How long does it take to sell a home in Fruit Cove, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
56 Days67 Days+20.3%

Summary: Homes in Fruit Cove had an average of 67 days on market in Nov 2024, up by 20.3% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Fruit Cove are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 66 homes were sold in Fruit Cove; 35% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 36% 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 22 Days Ago

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