$4,489 Closing Credit*
$378,000
1,994 SqFt
3 Beds
•2 Full Baths
Lena Morgan, Listing Office: LPT REALTY
Is Royal Highlands, 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, Royal Highlands was a Seller's Market.
Key Takeaway
Royal Highlands is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Royal Highlands, FL
How much do homes in Royal Highlands, FL cost?
Median Sold Price
$335,000
$184/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Royal Highlands has remained the same since last year.
Summary: The median home sold price in Royal Highlands was $335,000 in October 2024, the same as last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $275K | -6.8% |
| 3 Bedrooms | $340K | $340K | 0.0% |
| 4 Bedrooms | $475K | $395K | -16.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Royal Highlands 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 6.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes did not change.
Housing Supply in Royal Highlands, FL
How many homes are available in Royal Highlands, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 45 | +15.4% |
Summary: The Royal Highlands real estate market had 45 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 23 | 32 | +39.1% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Royal Highlands 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 23.1%, 3 bedroom homes increased by 39.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Royal Highlands, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Royal Highlands in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Royal Highlands, FL
How long does it take to sell a home in Royal Highlands, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 84 Days | +130.1% |
Summary: Homes in Royal Highlands had an average of 84 days on market in Oct 2024, up by 130.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Royal Highlands are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Royal Highlands; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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