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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seminole is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Seminole has remained a Seller's Market.

Key Takeaway

Seminole is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Seminole, FL

How much do homes in Seminole, FL cost?

Median Sold Price

$425,250

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$38,306(+9.9%)

Key Takeaway

Homes in Seminole have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Seminole was $425,250 in November 2024, up 9.9% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $129.4K$132K
+2.0%
2 $290K$304.3K
+4.9%
3 $453.8K$480K
+5.8%
4 $635K$629K
-0.9%
5+ $887.5K$940K
+5.9%

Summary: Seminole housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Cities

Seminole
+9.9%
Boca Ciega
+5.1%
Saint Petersburg
+1.5%

Housing Supply in Seminole, FL

How many homes are available in Seminole, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
432455+5.3%

Summary: The Seminole real estate market had 455 homes for sale in November 2024, a 5.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3641
+13.9%
2 161164
+1.9%
3 171181
+5.8%
4 5459
+9.3%
5+ 1010
0.0%

Summary: The Seminole housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6776+13.4%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seminole, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in Seminole in November 2024, up by 13.4% month-over-month. Of the 76 sold homes, 63% were sold under asking, 24% were sold at asking, and 13% were sold over asking.

Days on Market for Seminole, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days56 Days+84.5%

Summary: Homes in Seminole had an average of 56 days on market in Nov 2024, up by 84.5% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Seminole are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 76 homes were sold in Seminole; 46% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 26% 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 17 Days Ago

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