$4,630 Closing Credit*
$389,900
1,703 SqFt
3 Beds
•2 Full Baths
Stacy Wayne, Listing Office: FLORIDA HOME TEAM REALTY LLC
Is Spring Oaks, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Spring Oaks has remained a Seller's Market.
Key Takeaway
Spring Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Oaks, FL
How much do homes in Spring Oaks, FL cost?
Median Sold Price
$220,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$156,250(-41.5%)
Key Takeaway
Homes in Spring Oaks have sold for 41.5% less than they did a year ago.
Summary: The median home sold price in Spring Oaks was $220,000 in October 2024, down 41.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $130K | 0.0% |
| 2 Bedrooms | $210K | $170K | -19.0% |
| 3 Bedrooms | $300K | $220K | -26.7% |
| 4 Bedrooms | $436.2K | $459.9K | +5.4% |
| 5+ Bedrooms | $445K | $479.7K | +7.8% |
Summary: Spring Oaks 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 decreased by 19%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in Spring Oaks, FL
How many homes are available in Spring Oaks, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Spring Oaks real estate market had 23 homes for sale in October 2024, a 4.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Spring Oaks 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Oaks, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Spring Oaks in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Spring Oaks, FL
How long does it take to sell a home in Spring Oaks, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 31 Days | +177.1% |
Summary: Homes in Spring Oaks had an average of 31 days on market in Oct 2024, up by 177.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Oaks are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Spring Oaks; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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