Is Plant City, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plant City is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Plant City, FL

How much do homes in Plant City, FL cost?

Median Sold Price

$355,038

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,038(+1.4%)

Key Takeaway

Homes in Plant City have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Plant City was $355,038 in November 2024, up 1.4% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $187.5K$165K
-12.0%
2 $230K$244.5K
+6.3%
3 $329.2K$330K
0.2%
4 $412K$429.9K
+4.3%
5+ $460K$484.7K
+5.4%

Summary: Plant City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Cities

Lakeland
+2.7%
Plant City
+1.4%

Housing Supply in Plant City, FL

How many homes are available in Plant City, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
303276-8.9%

Summary: The Plant City real estate market had 276 homes for sale in November 2024, a 8.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 2432
+33.3%
3 147121
-17.7%
4 9988
-11.1%
5+ 3033
+10.0%

Summary: The Plant City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 17.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6336-42.9%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plant City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Plant City in November 2024, down by 42.9% month-over-month. Of the 36 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for Plant City, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days41 Days-10.0%

Summary: Homes in Plant City had an average of 41 days on market in Nov 2024, down by 10% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Plant City has remained consistent over time.

Summary: During November 2024, 36 homes were sold in Plant City; 44% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 8% 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 20 Days Ago

Newest Listings in Plant City, FL

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