$10,000 Closing Credit*
$1,650,000
3,104 SqFt
Todd Ketcham, Listing Office: Coastline 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 November 2023
At the same time last year, Mango Groves was a Seller's Market.
Key Takeaway
Mango Groves is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mango Groves, FL
How much do homes in Mango Groves, FL cost?
Median Sold Price
$387,000
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$24,500(-6.0%)
Key Takeaway
Homes in Mango Groves have sold for 6% less than they did a year ago.
Summary: The median home sold price in Mango Groves was $387,000 in November 2024, down 6% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177.5K | $193K | +8.7% |
| 2 Bedrooms | $380K | $355K | -6.6% |
| 3 Bedrooms | $460K | $432.5K | -6.0% |
| 4 Bedrooms | $677K | - | N/A |
| 5+ Bedrooms | - | $830K | N/A |
Summary: Mango Groves housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Tropical Ridge | $300K | $350K | +16.7% |
| Eden Place | $530K | $516K | -2.6% |
| Mango Groves | $411.5K | $387K | -6.0% |
| Parrot Cove | $715K | $575.9K | -19.5% |
Housing Supply in Mango Groves, FL
How many homes are available in Mango Groves, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The Mango Groves real estate market had 16 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mango Groves 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 decreased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
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 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 1 homes were sold or pending in Mango Groves in November 2024, down by 75.0% 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 Mango Groves, FL
How long does it take to sell a home in Mango Groves, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 119 Days | +156.5% |
Summary: Homes in Mango Groves had an average of 119 days on market in Nov 2024, up by 156.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Mango Groves are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Mango Groves; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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