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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seminole is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Seminole is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Seminole, FL

How much do homes in Seminole, FL cost?

Median Sold Price

$426,995

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,995(+11.2%)

Key Takeaway

Homes in Seminole have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Seminole was $426,995 in October 2024, up 11.2% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $129.4K$130K
0.4%
2 $296.3K$296.6K
0.1%
3 $453.8K$477.2K
+5.2%
4 $640K$625K
-2.3%
5+ $800K$920K
+15.0%

Summary: Seminole housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Cities

Seminole
+11.2%
Boca Ciega
+6.7%
Saint Petersburg
+3.0%

Housing Supply in Seminole, FL

How many homes are available in Seminole, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440419-4.8%

Summary: The Seminole real estate market had 419 homes for sale in October 2024, a 4.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4135
-14.6%
2 151165
+9.3%
3 179156
-12.8%
4 5653
-5.4%
5+ 1310
-23.1%

Summary: The Seminole housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.6%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8260-26.8%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 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. 78.3% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in Seminole in October 2024, down by 26.8% month-over-month. Of the 60 sold homes, 78% were sold under asking, 12% were sold at asking, and 10% 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

Oct 2023Oct 2024CHANGE
25 Days58 Days+132.6%

Summary: Homes in Seminole had an average of 58 days on market in Oct 2024, up by 132.6% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Seminole has remained consistent over time.

Summary: During October 2024, 60 homes were sold in Seminole; 38% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 20% 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 16 Days Ago

Newest Listings in Seminole, FL

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