$5,938 Closing Credit*
$500,000
1,735 SqFt
3 Beds
•2 Full Baths
Audrey Holbrook, Listing Office: BINGHAM REALTY INC
Is Ridge Manor, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ridge Manor was a Seller's Market.
Key Takeaway
Ridge Manor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ridge Manor, FL
How much do homes in Ridge Manor, FL cost?
Median Sold Price
$290,900
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,000(+1.0%)
Key Takeaway
Homes in Ridge Manor have sold for 1% more than they did a year ago.
Summary: The median home sold price in Ridge Manor was $290,900 in October 2024, up 1% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $138.4K | N/A |
| 2 Bedrooms | $219K | $225K | +2.7% |
| 3 Bedrooms | $289.9K | $292.5K | +0.9% |
| 4 Bedrooms | $350K | $345K | -1.4% |
| 5+ Bedrooms | $364.9K | $367.4K | +0.7% |
Summary: Ridge Manor 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 increased by 2.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Bushnell-Center Hill | $252.4K | $266K | +5.4% |
| Ridge Manor | $287.9K | $290.9K | +1.0% |
Housing Supply in Ridge Manor, FL
How many homes are available in Ridge Manor, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 99 | -2.0% |
Summary: The Ridge Manor real estate market had 99 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 59 | 57 | -3.4% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Ridge Manor 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 6.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 10 | -56.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ridge Manor, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Ridge Manor in October 2024, down by 56.5% month-over-month. Of the 10 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ridge Manor, FL
How long does it take to sell a home in Ridge Manor, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 36 Days | -28.2% |
Summary: Homes in Ridge Manor had an average of 36 days on market in Oct 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ridge Manor are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Ridge Manor; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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