Is Sebring, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sebring is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Sebring, FL

How much do homes in Sebring, FL cost?

Median Sold Price

$282,990

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,140(+2.6%)

Key Takeaway

Homes in Sebring have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Sebring was $282,990 in October 2024, up 2.6% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$148K
N/A
2 $200K$220K
+10.0%
3 $280K$280K
0.0%
4 $310.9K$339K
+9.0%
5+ $854.9K$404.9K
-52.6%

Summary: Sebring 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 10%, 3 bedroom homes did not change, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 52.6%.

Housing Supply in Sebring, FL

How many homes are available in Sebring, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
219211-3.7%

Summary: The Sebring real estate market had 211 homes for sale in October 2024, a 3.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2628
+7.7%
3 138133
-3.6%
4 5045
-10.0%
5+ 44
0.0%

Summary: The Sebring 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 increased by 7.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25250.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sebring, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Sebring in October 2024, the same as the previous month. Of the 25 sold homes, 60% were sold under asking, 32% were sold at asking, and 8% were sold over asking.

Days on Market for Sebring, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days98 Days+127.7%

Summary: Homes in Sebring had an average of 98 days on market in Oct 2024, up by 127.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sebring are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 25 homes were sold in Sebring; 16% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 44% 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

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