Is Naranja - Princeton - East, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Naranja - Princeton - East is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Naranja - Princeton - East was a Seller's Market.

Key Takeaway

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

Housing Prices in Naranja - Princeton - East, FL

How much do homes in Naranja - Princeton - East, FL cost?

Median Sold Price

$520,000

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$36,348(+7.5%)

Key Takeaway

Homes in Naranja - Princeton - East have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Naranja - Princeton - East was $520,000 in November 2024, up 7.5% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$319K
N/A
3 $455K$480K
+5.5%
4 $518K$570K
+10.0%
5+ $600K$611K
+1.8%

Summary: Naranja - Princeton - East housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 1.8%.

Housing Supply in Naranja - Princeton - East, FL

How many homes are available in Naranja - Princeton - East, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
99100+1.0%

Summary: The Naranja - Princeton - East real estate market had 100 homes for sale in November 2024, a 1.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 5355
+3.8%
4 3435
+2.9%
5+ 98
-11.1%

Summary: The Naranja - Princeton - East 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 33.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
127-41.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Naranja - Princeton - East, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Naranja - Princeton - East in November 2024, down by 41.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for Naranja - Princeton - East, FL

How long does it take to sell a home in Naranja - Princeton - East, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days30 Days-21.2%

Summary: Homes in Naranja - Princeton - East had an average of 30 days on market in Nov 2024, down by 21.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Naranja - Princeton - East has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Naranja - Princeton - East; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

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