$2,339 Closing Credit*
$197,000
847 SqFt
2 Beds
•1 Full Bath
Debbie Judge, Listing Office: COMPASS FLORIDA LLC
Is Park East, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Park East has remained a Buyer's Market.
Key Takeaway
Park East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Park East, FL
How much do homes in Park East, FL cost?
Median Sold Price
$205,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,000(-1.4%)
Key Takeaway
Homes in Park East have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Park East was $205,000 in October 2024, down 1.4% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168.5K | $135K | -19.9% |
| 2 Bedrooms | $210K | $214.5K | +2.1% |
| 3 Bedrooms | $375K | $367.5K | -2.0% |
| 4 Bedrooms | $290K | $685K | +136.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Park East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 136.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown Sarasota | $1.1M | $1.2M | +8.4% |
| Park East | $208K | $205K | -1.4% |
Housing Supply in Park East, FL
How many homes are available in Park East, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Summary: The Park East real estate market had 38 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Park East housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Park East, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Park East in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Park East, FL
How long does it take to sell a home in Park East, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 65 Days | +103.1% |
Summary: Homes in Park East had an average of 65 days on market in Oct 2024, up by 103.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Park East are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Park East; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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