$700,000
0.99 Acres
Land
JIREH RODRIGUEZ, Listing Office: ELITE REALTY GROUP
Is Fruit Cove, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fruit Cove has remained a Seller's Market.
Key Takeaway
Fruit Cove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fruit Cove, FL
How much do homes in Fruit Cove, FL cost?
Median Sold Price
$533,420
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,057(-4.5%)
Key Takeaway
Homes in Fruit Cove have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Fruit Cove was $533,420 in October 2024, down 4.5% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | - | N/A |
| 2 Bedrooms | $394.1K | $369.1K | -6.3% |
| 3 Bedrooms | $449.8K | $421.9K | -6.2% |
| 4 Bedrooms | $576.9K | $569.8K | -1.2% |
| 5+ Bedrooms | $754.6K | $759.1K | +0.6% |
Summary: Fruit Cove 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 6.3%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Jacksonville East | $337.9K | $360K | +6.5% |
| Fleming Island | $435K | $450K | +3.4% |
| Jacksonville | $299.2K | $308.1K | +3.0% |
| Saint Johns | $542.9K | $524.8K | -3.3% |
| Fruit Cove | $558.4K | $533.4K | -4.5% |
Housing Supply in Fruit Cove, FL
How many homes are available in Fruit Cove, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 459 | 441 | -3.9% |
Summary: The Fruit Cove real estate market had 441 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 58 | 54 | -6.9% |
| 3 Bedrooms | 122 | 126 | +3.3% |
| 4 Bedrooms | 191 | 181 | -5.2% |
| 5+ Bedrooms | 88 | 80 | -9.1% |
Summary: The Fruit Cove housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 92 | 77 | -16.3% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fruit Cove, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in Fruit Cove in October 2024, down by 16.3% month-over-month. Of the 77 sold homes, 73% were sold under asking, 22% were sold at asking, and 5% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 89 Days | +52.5% |
Summary: Homes in Fruit Cove had an average of 89 days on market in Oct 2024, up by 52.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
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 October 2024, 77 homes were sold in Fruit Cove; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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