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 October 2023

At the same time last year, Pennbrooke was a Neutral 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

$275,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,700(+6.1%)

Key Takeaway

Homes in Pennbrooke have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Pennbrooke was $275,000 in October 2024, up 6.1% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $90K$90.2K
0.2%
2 $215K$250K
+16.3%
3 $290K$303K
+4.5%
4 $340K-
N/A
5+ --
N/A

Summary: Pennbrooke housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 4.5%, 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

Sep 2024Oct 2024CHANGE
32320.0%

Summary: The Pennbrooke real estate market had 32 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 128
-33.3%
3 1923
+21.1%
4 00
0.0%
5+ 00
0.0%

Summary: The Pennbrooke 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 decreased by 33.3%, 3 bedroom homes increased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
64-33.3%

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 Pennbrooke, 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 Pennbrooke in October 2024, down by 33.3% 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 Pennbrooke, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
137 Days102 Days-25.9%

Summary: Homes in Pennbrooke had an average of 102 days on market in Oct 2024, down by 25.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pennbrooke has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Pennbrooke; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 15 Days Ago

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