$4,501 Closing Credit*
$379,000
1,662 SqFt
3 Beds
•2 Full Baths
WENDY GRIFFIS, Listing Office: BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY
Is Mandarin, 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, Mandarin has remained a Seller's Market.
Key Takeaway
Mandarin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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.
The Median Sold Price hasn't changed since October 2023.
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 October 2024, the same as last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $325K | N/A |
| 3 Bedrooms | $430K | $457.5K | +6.4% |
| 4 Bedrooms | $575K | $575K | 0.0% |
| 5+ Bedrooms | $673.5K | $1.3M | +96.3% |
Summary: Mandarin 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 did not change, 3 bedroom homes increased by 6.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 96.3%.
Housing Supply in Mandarin, FL
How many homes are available in Mandarin, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 44 | +7.3% |
Summary: The Mandarin real estate market had 44 homes for sale in October 2024, a 7.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 24 | 23 | -4.2% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Mandarin 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 decreased by 100%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mandarin, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Mandarin in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 26 Days | -59.6% |
Summary: Homes in Mandarin had an average of 26 days on market in Oct 2024, down by 59.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mandarin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Mandarin; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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