$4,394 Closing Credit*
$370,000
1,683 SqFt
3 Beds
•2 Full Baths
Dominique Hollinger, Listing Office: PREFERRED RE BROKERS III
Is Groveland, 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, Groveland was a Neutral Market.
Key Takeaway
Groveland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Groveland, FL
How much do homes in Groveland, FL cost?
Median Sold Price
$387,517
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,967(+0.8%)
Key Takeaway
Homes in Groveland have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Groveland was $387,517 in November 2024, up 0.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $441.5K | $177.5K | -59.8% |
| 2 Bedrooms | $370K | $379.9K | +2.7% |
| 3 Bedrooms | $350K | $354.9K | +1.4% |
| 4 Bedrooms | $395K | $404.9K | +2.5% |
| 5+ Bedrooms | $486.7K | $497.8K | +2.3% |
Summary: Groveland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.8%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Mascotte | $300K | $341.9K | +14.0% |
| Groveland | $384.5K | $387.5K | +0.8% |
| Clermont | $447.1K | $448.4K | 0.3% |
| Groveland-Mascotte | $380K | $379.9K | 0% |
| Howey-in-the-Hills-Okahumpka | $330K | $315.9K | -4.3% |
Housing Supply in Groveland, FL
How many homes are available in Groveland, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 232 | 238 | +2.6% |
Summary: The Groveland real estate market had 238 homes for sale in November 2024, a 2.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 33 | 29 | -12.1% |
| 3 Bedrooms | 87 | 100 | +14.9% |
| 4 Bedrooms | 89 | 85 | -4.5% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Groveland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Groveland, expect to pay close to the asking price. 45.8% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Groveland in November 2024, down by 7.7% month-over-month. Of the 24 sold homes, 33% were sold under asking, 46% were sold at asking, and 21% were sold over asking.
Days on Market for Groveland, FL
How long does it take to sell a home in Groveland, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 60 Days | +48.4% |
Summary: Homes in Groveland had an average of 60 days on market in Nov 2024, up by 48.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Groveland has remained consistent over time.
Summary: During November 2024, 24 homes were sold in Groveland; 25% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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