$3,086 Closing Credit*
$259,900
1,389 SqFt
3 Beds
•2 Full Baths
Candace M Floyd, Listing Office: The Property Group 850 Inc
Is Laurel Hill, 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, Laurel Hill has remained a Buyer's Market.
Key Takeaway
Laurel Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Laurel Hill, FL
How much do homes in Laurel Hill, FL cost?
Median Sold Price
$321,450
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$350(-0.1%)
Key Takeaway
The sold price of homes in Laurel Hill has remained the same since last year.
Summary: The median home sold price in Laurel Hill was $321,450 in October 2024, down 0.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $150K | -14.3% |
| 3 Bedrooms | $230.9K | $270K | +16.9% |
| 4 Bedrooms | $319.4K | $299.9K | -6.1% |
| 5+ Bedrooms | $361.9K | $334.6K | -7.5% |
Summary: Laurel Hill 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 14.3%, 3 bedroom homes increased by 16.9%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in Laurel Hill, FL
How many homes are available in Laurel Hill, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 57 | 0.0% |
Summary: The Laurel Hill real estate market had 57 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 22 | 21 | -4.5% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Laurel Hill 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 200%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel Hill, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Laurel Hill in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 96 Days | 71 Days | -26.5% |
Summary: Homes in Laurel Hill had an average of 71 days on market in Oct 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Laurel Hill are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in Laurel Hill; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
