$6,530 Closing Credit*
$549,900
1,008 SqFt
Barbara Lilley, Listing Office: True Blue Realty Inc
Is Mango Groves, 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, Mango Groves has remained a Seller's Market.
Key Takeaway
Mango Groves is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mango Groves, FL
How much do homes in Mango Groves, FL cost?
Median Sold Price
$395,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,500(-4.0%)
Key Takeaway
Homes in Mango Groves have sold for 4% less than they did a year ago.
Summary: The median home sold price in Mango Groves was $395,000 in October 2024, down 4% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $172.5K | -9.2% |
| 2 Bedrooms | $380K | $361.5K | -4.9% |
| 3 Bedrooms | $445K | $442.5K | -0.6% |
| 4 Bedrooms | $677K | - | N/A |
| 5+ Bedrooms | - | $830K | N/A |
Summary: Mango Groves housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Tropical Ridge | $300K | $359K | +19.7% |
| Mango Groves | $411.5K | $395K | -4.0% |
| Parrot Cove | $715K | $591.4K | -17.3% |
Housing Supply in Mango Groves, FL
How many homes are available in Mango Groves, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Mango Groves real estate market had 16 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mango Groves 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 decreased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mango Groves, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mango Groves in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mango Groves, FL
How long does it take to sell a home in Mango Groves, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 45 Days | +42.9% |
Summary: Homes in Mango Groves had an average of 45 days on market in Oct 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mango Groves has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Mango Groves; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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