Is Spring Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spring Park is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Spring Park 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 Spring Park, FL

How much do homes in Spring Park, FL cost?

Median Sold Price

$232,500

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-6.1%)

Key Takeaway

Homes in Spring Park have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in Spring Park was $232,500 in October 2024, down 6.1% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $204.7K$199K
-2.8%
3 $254.5K$236K
-7.3%
4 $273K$250K
-8.4%
5+ $335K$415K
+23.9%

Summary: Spring Park 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 2.8%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 23.9%.

Housing Supply in Spring Park, FL

How many homes are available in Spring Park, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2321-8.7%

Summary: The Spring Park real estate market had 21 homes for sale in October 2024, a 8.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1310
-23.1%
4 45
+25.0%
5+ 00
0.0%

Summary: The Spring Park 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 23.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Spring Park in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Spring Park, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days25 Days-46.2%

Summary: Homes in Spring Park had an average of 25 days on market in Oct 2024, down by 46.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Spring Park has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Spring Park; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

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