Is Historic Hyde Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Historic Hyde Park is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Historic Hyde Park was a Seller's Market.

Key Takeaway

Historic Hyde Park 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 Historic Hyde Park, FL

How much do homes in Historic Hyde Park, FL cost?

Median Sold Price

$837,500

$517/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$810,572(-49.2%)

Key Takeaway

Homes in Historic Hyde Park have sold for 49.2% less than they did a year ago.

Summary: The median home sold price in Historic Hyde Park was $837,500 in October 2024, down 49.2% from last year, and the median price per square foot was $517.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $257.5K$252.5K
-1.9%
2 $1.6M$712K
-56.8%
3 $2.1M$1.2M
-41.7%
4 $1.7M$1.7M
-4.2%
5+ $2.1M$2.1M
-0.9%

Summary: Historic Hyde Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 56.8%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 0.9%.

Housing Supply in Historic Hyde Park, FL

How many homes are available in Historic Hyde Park, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
25250.0%

Summary: The Historic Hyde Park real estate market had 25 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 89
+12.5%
2 75
-28.6%
3 11
0.0%
4 78
+14.3%
5+ 22
0.0%

Summary: The Historic Hyde Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Historic Hyde Park, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Historic Hyde Park in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Historic Hyde Park, FL

How long does it take to sell a home in Historic Hyde Park, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days76 Days+93.2%

Summary: Homes in Historic Hyde Park had an average of 76 days on market in Oct 2024, up by 93.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Historic Hyde Park; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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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