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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Seminole Heights is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

South Seminole Heights 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 South Seminole Heights, FL

How much do homes in South Seminole Heights, FL cost?

Median Sold Price

$468,500

$338/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,000(-1.9%)

Key Takeaway

Homes in South Seminole Heights have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in South Seminole Heights was $468,500 in November 2024, down 1.9% from last year, and the median price per square foot was $338.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $382.5K$389.9K
+2.0%
3 $500K$468.5K
-6.3%
4 $645K$745K
+15.5%
5+ $690K$658.5K
-4.6%

Summary: South Seminole Heights 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 increased by 2%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Neighborhoods

Old Seminole Heights
0.0%
South Seminole Heights
-1.9%

Housing Supply in South Seminole Heights, FL

How many homes are available in South Seminole Heights, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2827-3.6%

Summary: The South Seminole Heights real estate market had 27 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1213
+8.3%
4 108
-20.0%
5+ 01
+100.0%

Summary: The South Seminole Heights 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 16.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Seminole Heights, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in South Seminole Heights in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for South Seminole Heights, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
17 Days51 Days+193.1%

Summary: Homes in South Seminole Heights had an average of 51 days on market in Nov 2024, up by 193.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in South Seminole Heights; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 23 Days Ago

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