$4,738 Closing Credit*
$399,000
2,489 SqFt
4 Beds
•2 Full Baths, 1 Partial
ANTHONY C MAROTTA, Listing Office: THE LEGENDS OF REAL ESTATE
Is Mandarin, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mandarin was a Seller's Market.
Key Takeaway
Mandarin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mandarin, FL
How much do homes in Mandarin, FL cost?
Median Sold Price
$530,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$1,300(-0.2%)
Key Takeaway
The sold price of homes in Mandarin has remained the same since last year.
Summary: The median home sold price in Mandarin was $530,000 in November 2024, down 0.2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $325K | N/A |
| 3 Bedrooms | $425K | $457.5K | +7.7% |
| 4 Bedrooms | $584.5K | $574K | -1.8% |
| 5+ Bedrooms | $673.5K | $1.3M | +100.2% |
Summary: Mandarin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 100.2%.
Housing Supply in Mandarin, FL
How many homes are available in Mandarin, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The Mandarin real estate market had 42 homes for sale in November 2024, a 2.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Mandarin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 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 Mandarin, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mandarin in November 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Mandarin, FL
How long does it take to sell a home in Mandarin, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 64 Days | 23 Days | -64.5% |
Summary: Homes in Mandarin had an average of 23 days on market in Nov 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mandarin has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Mandarin; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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