$3,266 Closing Credit*
$275,000
1,481 SqFt
3 Beds
•2 Full Baths
Patricia Borges, Listing Office: DEEDIT REALTY LLC
Is Magnolia Valley, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Magnolia Valley was a Seller's Market.
Key Takeaway
Magnolia Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Magnolia Valley, FL
How much do homes in Magnolia Valley, FL cost?
Median Sold Price
$247,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,000(-2.8%)
Key Takeaway
Homes in Magnolia Valley have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Magnolia Valley was $247,000 in October 2024, down 2.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126K | - | N/A |
| 2 Bedrooms | $191.5K | $220K | +14.9% |
| 3 Bedrooms | $268K | $269.9K | +0.7% |
| 4 Bedrooms | $262K | $400K | +52.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Magnolia Valley 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 increased by 14.9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 52.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Orchid Lake Village | $315K | $332.5K | +5.6% |
| New Port Richey East | $262K | $276K | +5.3% |
| Lakewood Villas | $247.5K | $243.7K | -1.5% |
| Magnolia Valley | $254K | $247K | -2.8% |
Housing Supply in Magnolia Valley, FL
How many homes are available in Magnolia Valley, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Summary: The Magnolia Valley real estate market had 21 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 | 1 | +100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Magnolia Valley 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 increased by 11.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Magnolia Valley, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Magnolia Valley in October 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Magnolia Valley, FL
How long does it take to sell a home in Magnolia Valley, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 17 Days | +3.0% |
Summary: Homes in Magnolia Valley had an average of 17 days on market in Oct 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Magnolia Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Magnolia Valley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.