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 November 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

$1,250,000

$484/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$75,000(+6.4%)

Key Takeaway

Homes in Sunset Park have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Sunset Park was $1,250,000 in November 2024, up 6.4% from last year, and the median price per square foot was $484.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $651.2K$770K
+18.2%
3 $837.5K$910K
+8.7%
4 $1.1M$1.2M
+17.3%
5+ $2.5M$2.9M
+16.8%

Summary: Sunset Park 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 18.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 16.8%.

Housing Supply in Sunset Park, FL

How many homes are available in Sunset Park, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5767+17.5%

Summary: The Sunset Park real estate market had 67 homes for sale in November 2024, a 17.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1716
-5.9%
4 1927
+42.1%
5+ 2023
+15.0%

Summary: The Sunset Park 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 remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 15%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

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 November 2024, the same as the previous 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

Nov 2023Nov 2024CHANGE
13 Days1 Days-89.0%

Summary: Homes in Sunset Park had an average of 1 days on market in Nov 2024, down by 89% 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 November 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 17 Days Ago

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