Is North East Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North East Park is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North East Park was a Seller's Market.

Key Takeaway

North East Park 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 North East Park, FL

How much do homes in North East Park, FL cost?

Median Sold Price

$435,000

$356/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+7.4%)

Key Takeaway

Homes in North East Park have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in North East Park was $435,000 in November 2024, up 7.4% from last year, and the median price per square foot was $356.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $167K$153K
-8.4%
2 $320K$288.7K
-9.8%
3 $530K$578K
+9.1%
4 $836.4K$1.3M
+56.9%
5+ $1.3M$1.3M
-1.6%

Summary: North East Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 56.9%, and 5+ bedroom homes decreased by 1.6%.

Median Sold Price Compared To Nearby Neighborhoods

North East Park
+7.4%
Snell Island
-1.0%
Edgemoor
-8.5%
Placido Bayou
-11.3%

Housing Supply in North East Park, FL

How many homes are available in North East Park, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7793+20.8%

Summary: The North East Park real estate market had 93 homes for sale in November 2024, a 20.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1112
+9.1%
2 2535
+40.0%
3 2634
+30.8%
4 97
-22.2%
5+ 65
-16.7%

Summary: The North East Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North East Park, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in North East Park in November 2024, up by 40.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for North East Park, FL

How long does it take to sell a home in North East Park, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days52 Days+19.3%

Summary: Homes in North East Park had an average of 52 days on market in Nov 2024, up by 19.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North East Park are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in North East Park; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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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