Is Paseo / Reflection Isles, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Paseo / Reflection Isles is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Paseo / Reflection Isles has remained a Buyer's Market.

Key Takeaway

Paseo / Reflection Isles is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Paseo / Reflection Isles, FL

How much do homes in Paseo / Reflection Isles, FL cost?

Median Sold Price

$450,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$12,000(-2.6%)

Key Takeaway

Homes in Paseo / Reflection Isles have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in Paseo / Reflection Isles was $450,000 in October 2024, down 2.6% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $365K$361K
-1.1%
3 $495K$428.7K
-13.4%
4 $661.5K$645K
-2.5%
5+ $790K$669.5K
-15.3%

Summary: Paseo / Reflection Isles housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 15.3%.

Median Sold Price Compared To Nearby Neighborhoods

Cross Creek
+15.9%
Heritage Palms
+6.9%
Paseo / Reflection Isles
-2.6%
Colonial Country Club
-3.5%

Housing Supply in Paseo / Reflection Isles, FL

How many homes are available in Paseo / Reflection Isles, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4858+20.8%

Summary: The Paseo / Reflection Isles real estate market had 58 homes for sale in October 2024, a 20.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1926
+36.8%
3 2021
+5.0%
4 810
+25.0%
5+ 11
0.0%

Summary: The Paseo / Reflection Isles housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Paseo / Reflection Isles, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Paseo / Reflection Isles in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Paseo / Reflection Isles, FL

How long does it take to sell a home in Paseo / Reflection Isles, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days61 Days+219.4%

Summary: Homes in Paseo / Reflection Isles had an average of 61 days on market in Oct 2024, up by 219.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Paseo / Reflection Isles are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Paseo / Reflection Isles; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

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