Is Mid-Westside, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mid-Westside is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mid-Westside was a Seller's Market.

Key Takeaway

Mid-Westside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mid-Westside, FL

How much do homes in Mid-Westside, FL cost?

Median Sold Price

$129,500

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,500(+10.7%)

Key Takeaway

Homes in Mid-Westside have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Mid-Westside was $129,500 in October 2024, up 10.7% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K$67K
-10.7%
2 $71.3K$83K
+16.4%
3 $113.5K$112K
-1.3%
4 $163K$215K
+31.9%
5+ $198K$955K
+382.3%

Summary: Mid-Westside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 16.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes increased by 382.3%.

Housing Supply in Mid-Westside, FL

How many homes are available in Mid-Westside, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6670+6.1%

Summary: The Mid-Westside real estate market had 70 homes for sale in October 2024, a 6.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 811
+37.5%
3 3740
+8.1%
4 1011
+10.0%
5+ 107
-30.0%

Summary: The Mid-Westside 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 increased by 37.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mid-Westside, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Mid-Westside in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Mid-Westside, FL

How long does it take to sell a home in Mid-Westside, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
99 Days94 Days-4.8%

Summary: Homes in Mid-Westside had an average of 94 days on market in Oct 2024, down by 4.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mid-Westside are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Mid-Westside; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

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