Is MacFarlane Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing MacFarlane Park is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, MacFarlane Park was a Seller's Market.

Key Takeaway

MacFarlane Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in MacFarlane Park, FL

How much do homes in MacFarlane Park, FL cost?

Median Sold Price

$449,000

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,000(+8.2%)

Key Takeaway

Homes in MacFarlane Park have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in MacFarlane Park was $449,000 in October 2024, up 8.2% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225K$220K
-2.2%
2 $335K$309K
-7.8%
3 $395K$444.7K
+12.6%
4 $567.2K$570K
0.5%
5+ $564K$515K
-8.7%

Summary: MacFarlane Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Neighborhoods

Old West Tampa
+9.4%
MacFarlane Park
+8.2%
West Tampa
+3.9%

Housing Supply in MacFarlane Park, FL

How many homes are available in MacFarlane Park, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2833+17.9%

Summary: The MacFarlane Park real estate market had 33 homes for sale in October 2024, a 17.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 1421
+50.0%
4 97
-22.2%
5+ 32
-33.3%

Summary: The MacFarlane Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in MacFarlane Park, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in MacFarlane Park in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for MacFarlane Park, FL

How long does it take to sell a home in MacFarlane Park, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days63 Days+73.4%

Summary: Homes in MacFarlane Park had an average of 63 days on market in Oct 2024, up by 73.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in MacFarlane Park has remained consistent over time.

Summary: During October 2024, 4 homes were sold in MacFarlane Park; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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