$40,000
0.51 Acres
Land
Nicole Merigelli, Listing Office: EXP Realty LLC
Is Joel, 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, Joel was a Seller's Market.
Key Takeaway
Joel is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Joel, FL
How much do homes in Joel, FL cost?
Median Sold Price
$345,666
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,666(+3.2%)
Key Takeaway
Homes in Joel have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Joel was $345,666 in November 2024, up 3.2% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $116K | +10.5% |
| 2 Bedrooms | $193K | $195K | +1.0% |
| 3 Bedrooms | $345K | $350K | +1.4% |
| 4 Bedrooms | $370K | $395K | +6.8% |
| 5+ Bedrooms | $434K | $525K | +21.0% |
Summary: Joel housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Neighborhoods
| Eisenhower | $325K | $338.8K | +4.3% |
| Joel | $335K | $345.6K | +3.2% |
| Richmond | $345K | $355K | +2.9% |
Housing Supply in Joel, FL
How many homes are available in Joel, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 222 | 241 | +8.6% |
Summary: The Joel real estate market had 241 homes for sale in November 2024, a 8.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 38 | 40 | +5.3% |
| 3 Bedrooms | 129 | 144 | +11.6% |
| 4 Bedrooms | 46 | 48 | +4.3% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Joel housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Joel, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Joel in November 2024, down by 23.1% month-over-month. Of the 20 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Joel, FL
How long does it take to sell a home in Joel, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 61 Days | +103.7% |
Summary: Homes in Joel had an average of 61 days on market in Nov 2024, up by 103.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Joel are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Joel; 40% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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