Is Howey-in-the-Hills, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Howey-in-the-Hills is a buyer's market

Buyer's
Market

Difference Since October 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

$291,996

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$123,003(-29.6%)

Key Takeaway

Homes in Howey-in-the-Hills have sold for 29.6% less than they did a year ago.

Summary: The median home sold price in Howey-in-the-Hills was $291,996 in October 2024, down 29.6% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $275K$265K
-3.6%
3 $367K$285.9K
-22.1%
4 $451K$470K
+4.2%
5+ $540K$571.5K
+5.8%

Summary: Howey-in-the-Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

Howey-in-the-Hills-Okahumpka
-3.0%
Howey-in-the-Hills
-29.6%

Housing Supply in Howey-in-the-Hills, FL

How many homes are available in Howey-in-the-Hills, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6044-26.7%

Summary: The Howey-in-the-Hills real estate market had 44 homes for sale in October 2024, a 26.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 97
-22.2%
3 4329
-32.6%
4 65
-16.7%
5+ 23
+50.0%

Summary: The Howey-in-the-Hills 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 22.2%, 3 bedroom homes decreased by 32.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
176-64.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Howey-in-the-Hills, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Howey-in-the-Hills in October 2024, down by 64.7% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% 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

Oct 2023Oct 2024CHANGE
192 Days29 Days-84.5%

Summary: Homes in Howey-in-the-Hills had an average of 29 days on market in Oct 2024, down by 84.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Howey-in-the-Hills are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Howey-in-the-Hills; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 20 Days Ago

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