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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunset Park is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Sunset Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sunset Park, FL

How much do homes in Sunset Park, FL cost?

Median Sold Price

$1,350,000

$484/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$250,000(+22.7%)

Key Takeaway

Homes in Sunset Park have sold for 22.7% more than they did a year ago.

Summary: The median home sold price in Sunset Park was $1,350,000 in October 2024, up 22.7% from last year, and the median price per square foot was $484.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $651.2K-
N/A
3 $785.7K$935K
+19.0%
4 $1.1M$1.2M
+17.3%
5+ $2.5M$3.2M
+28.0%

Summary: Sunset 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 did not change, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 28%.

Housing Supply in Sunset Park, FL

How many homes are available in Sunset Park, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4959+20.4%

Summary: The Sunset Park real estate market had 59 homes for sale in October 2024, a 20.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1017
+70.0%
4 2220
-9.1%
5+ 1621
+31.3%

Summary: The Sunset 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 increased by 70%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 31.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunset Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sunset Park in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Sunset Park, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days0 Days-98.7%

Summary: Homes in Sunset Park had an average of 0 days on market in Oct 2024, down by 98.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Sunset Park; 100% of homes were sold within 30 days, 0% 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 16 Days Ago

Newest Listings in Sunset Park, FL

Nearby Markets to Sunset Park, FL