$3,735 Closing Credit*
$314,500
1,508 SqFt
3 Beds
•2 Full Baths
SHELLY BINGHAM, Listing Office: BETTER HOMES & GARDENS REAL ESTATE LIFESTYLES REALTY
Is Satsuma, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Satsuma was a Neutral Market.
Key Takeaway
Satsuma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Satsuma, FL
How much do homes in Satsuma, FL cost?
Median Sold Price
$210,000
$180/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$40,000(-16.0%)
Key Takeaway
Homes in Satsuma have sold for 16% less than they did a month ago.
Summary: The median home sold price in Satsuma was $210,000 in October 2024, down 16% from last month, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $199.9K | -36.5% |
| 3 Bedrooms | $250K | $207.5K | -17.0% |
| 4 Bedrooms | $152.5K | $427K | +180.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Satsuma housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.5%, 3 bedroom homes decreased by 17%, 4 bedroom homes increased by 180%, and 5+ bedroom homes did not change.
Housing Supply in Satsuma, FL
How many homes are available in Satsuma, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 29 | -9.4% |
Summary: The Satsuma real estate market had 29 homes for sale in October 2024, a 9.4% decrease 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 | 12 | 12 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Satsuma 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Satsuma, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Satsuma in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Satsuma, FL
How long does it take to sell a home in Satsuma, FL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 98 Days | +39.4% |
Summary: Homes in Satsuma had an average of 98 days on market in Oct 2024, up by 39.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Satsuma are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in Satsuma; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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