$4,695,000
1,501 SqFt
3 Beds
•2 Full Baths, 1 Partial
John S. Pangborn, Listing Office: The Corcoran Group
Is Mid-Town, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mid-Town has remained a Buyer's Market.
Key Takeaway
Mid-Town is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mid-Town, FL
How much do homes in Mid-Town, FL cost?
Median Sold Price
$5,600,000
$2,510/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,887,500(+50.8%)
Key Takeaway
Homes in Mid-Town have sold for 50.8% more than they did a year ago.
Summary: The median home sold price in Mid-Town was $5,600,000 in November 2024, up 50.8% from last year, and the median price per square foot was $2,510.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.7M | $1.8M | +7.4% |
| 2 Bedrooms | $3.0M | $3.1M | +4.1% |
| 3 Bedrooms | $6.5M | $7.3M | +12.9% |
| 4 Bedrooms | $13.8M | $10.4M | -25.0% |
| 5+ Bedrooms | $14.4M | $29.2M | +102.4% |
Summary: Mid-Town housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 102.4%.
Housing Supply in Mid-Town, FL
How many homes are available in Mid-Town, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 78 | +39.3% |
Summary: The Mid-Town real estate market had 78 homes for sale in November 2024, a 39.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 17 | 23 | +35.3% |
| 3 Bedrooms | 14 | 22 | +57.1% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Mid-Town housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 35.3%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
4 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 Mid-Town, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mid-Town in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mid-Town, FL
How long does it take to sell a home in Mid-Town, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 119 Days | 231 Days | +93.0% |
Summary: Homes in Mid-Town had an average of 231 days on market in Nov 2024, up by 93% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mid-Town are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Mid-Town; 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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