Is Pennbrooke, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pennbrooke is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Pennbrooke was a Seller's Market.

Key Takeaway

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

Housing Prices in Pennbrooke, FL

How much do homes in Pennbrooke, FL cost?

Median Sold Price

$279,900

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,900(+8.5%)

Key Takeaway

Homes in Pennbrooke have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Pennbrooke was $279,900 in November 2024, up 8.5% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $90K$90.2K
0.2%
2 $215.2K$250K
+16.1%
3 $291K$301.5K
+3.6%
4 $340K-
N/A
5+ --
N/A

Summary: Pennbrooke housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Pennbrooke, FL

How many homes are available in Pennbrooke, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3433-2.9%

Summary: The Pennbrooke real estate market had 33 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 810
+25.0%
3 2522
-12.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Pennbrooke 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 increased by 25%, 3 bedroom homes decreased by 12%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pennbrooke, 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 Pennbrooke in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Pennbrooke, FL

How long does it take to sell a home in Pennbrooke, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days64 Days+128.6%

Summary: Homes in Pennbrooke had an average of 64 days on market in Nov 2024, up by 128.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Pennbrooke; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 17 Days Ago

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