Is Howey-in-the-Hills, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Howey-in-the-Hills was a Seller's Market.
Key Takeaway
Howey-in-the-Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Howey-in-the-Hills, FL
How much do homes in Howey-in-the-Hills, FL cost?
Median Sold Price
$418,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Howey-in-the-Hills have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Howey-in-the-Hills was $418,000 in May 2024, up 6.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $295K | -1.7% |
| 3 Bedrooms | $380K | $384.5K | +1.2% |
| 4 Bedrooms | $439K | $485K | +10.5% |
| 5+ Bedrooms | $565.4K | $540K | -4.5% |
Summary: Howey-in-the-Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Howey-in-the-Hills | $392K | $418K | +6.6% |
| Howey-in-the-Hills-Okahumpka | $331.3K | $328K | -1.0% |
Housing Supply in Howey-in-the-Hills, FL
How many homes are available in Howey-in-the-Hills, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 49 | +40.0% |
Summary: The Howey-in-the-Hills real estate market had 49 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 21 | 33 | +57.1% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Howey-in-the-Hills housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Howey-in-the-Hills, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Howey-in-the-Hills in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Howey-in-the-Hills, FL
How long does it take to sell a home in Howey-in-the-Hills, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 22 Days | -50.8% |
Summary: Homes in Howey-in-the-Hills had an average of 22 days on market in May 2024, down by 50.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Howey-in-the-Hills are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Howey-in-the-Hills; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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