$10,000 Closing Credit*
$1,100,000
2,936 SqFt
3 Beds
•2 Full Baths, 1 Partial
Roxane Nelson, Listing Office: DHM REAL ESTATE GROUP LLC
Is Jungle Terrace, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Jungle Terrace has remained a Seller's Market.
Key Takeaway
Jungle Terrace is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jungle Terrace, FL
How much do homes in Jungle Terrace, FL cost?
Median Sold Price
$382,450
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,550(+3.4%)
Key Takeaway
Homes in Jungle Terrace have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Jungle Terrace was $382,450 in October 2024, up 3.4% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129K | $116.2K | -9.9% |
| 2 Bedrooms | $325K | $350K | +7.7% |
| 3 Bedrooms | $410K | $445K | +8.5% |
| 4 Bedrooms | $560K | $689.9K | +23.2% |
| 5+ Bedrooms | $749.9K | - | N/A |
Summary: Jungle Terrace housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.9%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Jungle Prada | $620K | $714.5K | +15.2% |
| Jungle Terrace | $369.9K | $382.4K | +3.4% |
Housing Supply in Jungle Terrace, FL
How many homes are available in Jungle Terrace, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The Jungle Terrace real estate market had 42 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Jungle Terrace 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 increased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jungle Terrace, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Jungle Terrace in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Jungle Terrace, FL
How long does it take to sell a home in Jungle Terrace, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 40 Days | +36.8% |
Summary: Homes in Jungle Terrace had an average of 40 days on market in Oct 2024, up by 36.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jungle Terrace are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Jungle Terrace; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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