$4,495 Closing Credit*
$378,500
2,072 SqFt
3 Beds
•2 Full Baths
Katie Spires, PA, Listing Office: KELLER WILLIAMS REALTY-ELITE P
Is Inverness, 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, Inverness was a Seller's Market.
Key Takeaway
Inverness is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Inverness, FL
How much do homes in Inverness, FL cost?
Median Sold Price
$250,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$62(0.0%)
Key Takeaway
The sold price of homes in Inverness has remained the same since last year.
Summary: The median home sold price in Inverness was $250,000 in November 2024, the same as last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $218K | +129.5% |
| 2 Bedrooms | $191.1K | $208.5K | +9.1% |
| 3 Bedrooms | $269.5K | $270K | 0.2% |
| 4 Bedrooms | $372K | $389.5K | +4.7% |
| 5+ Bedrooms | $405K | $724.4K | +78.9% |
Summary: Inverness housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 129.5%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 78.9%.
Housing Supply in Inverness, FL
How many homes are available in Inverness, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 477 | 499 | +4.6% |
Summary: The Inverness real estate market had 499 homes for sale in November 2024, a 4.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 156 | 160 | +2.6% |
| 3 Bedrooms | 256 | 271 | +5.9% |
| 4 Bedrooms | 51 | 50 | -2.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Inverness housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 60 | -7.7% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inverness, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Inverness in November 2024, down by 7.7% month-over-month. Of the 60 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% were sold over asking.
Days on Market for Inverness, FL
How long does it take to sell a home in Inverness, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 69 Days | +62.7% |
Summary: Homes in Inverness had an average of 69 days on market in Nov 2024, up by 62.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Inverness are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 60 homes were sold in Inverness; 43% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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