$10,000 Closing Credit*
$1,049,000
2,318 SqFt
3 Beds
•3 Full Baths
Julie Warren, Listing Office: COLDWELL BANKER REALTY
Is Myakka City, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Myakka City was a Seller's Market.
Key Takeaway
Myakka City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Myakka City, FL
How much do homes in Myakka City, FL cost?
Median Sold Price
$604,859
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$19,904(-3.2%)
Key Takeaway
Homes in Myakka City have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Myakka City was $604,859 in December 2024, down 3.2% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $227.5K | -2.2% |
| 2 Bedrooms | $474K | $440K | -7.2% |
| 3 Bedrooms | $606.1K | $599.8K | -1.0% |
| 4 Bedrooms | $717.2K | $682.4K | -4.8% |
| 5+ Bedrooms | $835K | $780K | -6.6% |
Summary: Myakka City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in Myakka City, FL
How many homes are available in Myakka City, FL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1,379 | 1,372 | -0.5% |
Summary: The Myakka City real estate market had 1,372 homes for sale in December 2024, a 0.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 276 | 283 | +2.5% |
| 3 Bedrooms | 604 | 598 | -1.0% |
| 4 Bedrooms | 382 | 374 | -2.1% |
| 5+ Bedrooms | 115 | 115 | 0.0% |
Summary: The Myakka City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 181 | 214 | +18.2% |
Asking Price vs. Sold Price
168 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Myakka City, you may be able to get a good deal. 78.5% of homes here sold below asking price last month.
Summary: A total of 214 homes were sold or pending in Myakka City in December 2024, up by 18.2% month-over-month. Of the 214 sold homes, 79% were sold under asking, 19% were sold at asking, and 3% were sold over asking.
Days on Market for Myakka City, FL
How long does it take to sell a home in Myakka City, FL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 52 Days | 92 Days | +77.5% |
Summary: Homes in Myakka City had an average of 92 days on market in Dec 2024, up by 77.5% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
96 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Myakka City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 214 homes were sold in Myakka City; 31% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
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