Is Greenacres, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenacres is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Greenacres is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Greenacres, FL

How much do homes in Greenacres, FL cost?

Median Sold Price

$317,605

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$42,105(+15.3%)

Key Takeaway

Homes in Greenacres have sold for 15.3% more than they did a year ago.

Summary: The median home sold price in Greenacres was $317,605 in November 2024, up 15.3% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $140K$145K
+3.6%
2 $220.6K$249.6K
+13.1%
3 $352K$376K
+6.8%
4 $520K$550K
+5.8%
5+ $579K$625K
+7.9%

Summary: Greenacres housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 7.9%.

Housing Supply in Greenacres, FL

How many homes are available in Greenacres, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
286294+2.8%

Summary: The Greenacres real estate market had 294 homes for sale in November 2024, a 2.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 88
0.0%
2 164177
+7.9%
3 8686
0.0%
4 2017
-15.0%
5+ 86
-25.0%

Summary: The Greenacres 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 7.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4414-68.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenacres, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Greenacres in November 2024, down by 68.2% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.

Days on Market for Greenacres, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days82 Days+229.3%

Summary: Homes in Greenacres had an average of 82 days on market in Nov 2024, up by 229.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Greenacres; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% 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 2 Days Ago

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