$6,947 Closing Credit*
$585,000
1,763 SqFt
4 Beds
•3 Full Baths
Yvonnia Lubin, Listing Office: Elite Realty Partners, Inc.
Is Norland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Norland was a Seller's Market.
Key Takeaway
Norland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Norland, FL
How much do homes in Norland, FL cost?
Median Sold Price
$453,500
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+9.7%)
Key Takeaway
Homes in Norland have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Norland was $453,500 in October 2024, up 9.7% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95.2K | $90K | -5.5% |
| 2 Bedrooms | $182.5K | $275K | +50.7% |
| 3 Bedrooms | $436K | $475.5K | +9.1% |
| 4 Bedrooms | $475K | $505K | +6.3% |
| 5+ Bedrooms | $520K | $553.5K | +6.4% |
Summary: Norland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 50.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Norwood | $440K | $520K | +18.2% |
| Norland | $413.5K | $453.5K | +9.7% |
| Ives Estate | $405K | $410K | +1.2% |
| Cloverleaf Estates | $415K | $400K | -3.6% |
Housing Supply in Norland, FL
How many homes are available in Norland, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 70 | +16.7% |
Summary: The Norland real estate market had 70 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 23 | 29 | +26.1% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Norland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 26.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norland, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Norland in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Norland, FL
How long does it take to sell a home in Norland, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 52 Days | +8.2% |
Summary: Homes in Norland had an average of 52 days on market in Oct 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Norland has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Norland; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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