$1,543 Closing Credit*
$129,900
779 SqFt
1 Bed
•1 Full Bath, 1 Partial
Paul Curtin, Listing Office: TROPIC SHORES REALTY LLC
Is Summertree, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Summertree was a Seller's Market.
Key Takeaway
Summertree is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Summertree, FL
How much do homes in Summertree, FL cost?
Median Sold Price
$272,280
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,280(+11.1%)
Key Takeaway
Homes in Summertree have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Summertree was $272,280 in October 2024, up 11.1% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.7K | $123.5K | -1.0% |
| 2 Bedrooms | $191K | $198.7K | +4.1% |
| 3 Bedrooms | $315K | $295K | -6.3% |
| 4 Bedrooms | $439K | $445K | +1.4% |
| 5+ Bedrooms | $775K | $645K | -16.8% |
Summary: Summertree housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Summertree | $245K | $272.2K | +11.1% |
| Hidden Lakes | $434.5K | $480K | +10.5% |
| Verandahs / Pine Ridge at Sugar Creek | $330K | $325K | -1.5% |
| Moon Lake | $212.5K | $190K | -10.6% |
Housing Supply in Summertree, FL
How many homes are available in Summertree, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 49 | -22.2% |
Summary: The Summertree real estate market had 49 homes for sale in October 2024, a 22.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 11 | -21.4% |
| 2 Bedrooms | 20 | 14 | -30.0% |
| 3 Bedrooms | 24 | 19 | -20.8% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summertree housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 4 | -69.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Summertree, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Summertree in October 2024, down by 69.2% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Summertree, FL
How long does it take to sell a home in Summertree, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 95 Days | +474.4% |
Summary: Homes in Summertree had an average of 95 days on market in Oct 2024, up by 474.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Summertree are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 4 homes were sold in Summertree; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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