Is South Apopka, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Apopka is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in South Apopka, FL

How much do homes in South Apopka, FL cost?

Median Sold Price

$340,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,000(+3.3%)

Key Takeaway

Homes in South Apopka have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in South Apopka was $340,000 in November 2024, up 3.3% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $274K$170K
-38.0%
3 $327K$340K
+4.0%
4 $359K$365K
+1.7%
5+ $227.5K$465K
+104.4%

Summary: South Apopka housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 104.4%.

Median Sold Price Compared To Nearby Neighborhoods

South Apopka
+3.3%
Royal Ranch Estates
0.0%

Housing Supply in South Apopka, FL

How many homes are available in South Apopka, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4548+6.7%

Summary: The South Apopka real estate market had 48 homes for sale in November 2024, a 6.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 3539
+11.4%
4 56
+20.0%
5+ 00
0.0%

Summary: The South Apopka housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Apopka, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in South Apopka in November 2024, up by 66.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.

Days on Market for South Apopka, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days31 Days+36.5%

Summary: Homes in South Apopka had an average of 31 days on market in Nov 2024, up by 36.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 10 homes were sold in South Apopka; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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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