$4,631 Closing Credit*
$390,000
802 SqFt
1 Bed
•1 Full Bath
Sharon Kristina Taurel, Listing Office: The Keyes Company
Is Galt Mile, 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, Galt Mile was a Neutral Market.
Key Takeaway
Galt Mile is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Galt Mile, FL
How much do homes in Galt Mile, FL cost?
Median Sold Price
$525,000
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$76,000(-12.6%)
Key Takeaway
Homes in Galt Mile have sold for 12.6% less than they did a year ago.
Summary: The median home sold price in Galt Mile was $525,000 in October 2024, down 12.6% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $397.5K | $384.5K | -3.3% |
| 2 Bedrooms | $652.5K | $645K | -1.1% |
| 3 Bedrooms | $1.1M | $1.0M | -0.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Galt Mile housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Galt Mile, FL
How many homes are available in Galt Mile, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 41 | -2.4% |
Summary: The Galt Mile real estate market had 41 homes for sale in October 2024, a 2.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Galt Mile 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 3.8%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Galt Mile, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Galt Mile in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Galt Mile, FL
How long does it take to sell a home in Galt Mile, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 141 Days | +1310.0% |
Summary: Homes in Galt Mile had an average of 141 days on market in Oct 2024, up by 1310% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Galt Mile are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Galt Mile; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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