Is Laurel Hill, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Laurel Hill has remained a Buyer's Market.
Housing Prices in Laurel Hill, FL
How much do homes in Laurel Hill, FL cost?
Median Sold Price
$321,900
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Laurel Hill was $321,900 in May 2024, down 3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | - | N/A |
2 Bedrooms | $209K | $150K | -28.2% |
3 Bedrooms | $236K | $250K | +5.9% |
4 Bedrooms | $328.9K | $316.9K | -3.6% |
5+ Bedrooms | $353.1K | $339.9K | -3.8% |
Summary: Laurel Hill 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 28.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in Laurel Hill, FL
How many homes are available in Laurel Hill, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 55 | -5.2% |
Summary: The Laurel Hill real estate market had 55 homes for sale in May 2024, a 5.2% decrease 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 | 2 | 3 | +50.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 24 | 21 | -12.5% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The Laurel Hill 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 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Laurel Hill in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Laurel Hill, FL
How long does it take to sell a home in Laurel Hill, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 82 Days | +29.4% |
Summary: Homes in Laurel Hill had an average of 82 days on market in May 2024, up by 29.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Laurel Hill; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.