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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunset Ridge is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Sunset Ridge 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 Sunset Ridge, FL

How much do homes in Sunset Ridge, FL cost?

Median Sold Price

$444,500

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,500(+1.0%)

Key Takeaway

Homes in Sunset Ridge have sold for 1% more than they did a year ago.

Summary: The median home sold price in Sunset Ridge was $444,500 in October 2024, up 1% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$112K
N/A
2 $350K$315K
-10.0%
3 $430K$492.5K
+14.5%
4 $550K$469.9K
-14.6%
5+ -$1.1M
N/A

Summary: Sunset Ridge 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 10%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Sunset Ridge
+1.0%
Mango Groves
-4.0%
College Park
-7.1%

Housing Supply in Sunset Ridge, FL

How many homes are available in Sunset Ridge, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2120-4.8%

Summary: The Sunset Ridge real estate market had 20 homes for sale in October 2024, a 4.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 87
-12.5%
3 87
-12.5%
4 34
+33.3%
5+ 11
0.0%

Summary: The Sunset Ridge 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 decreased by 12.5%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunset Ridge, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Sunset Ridge in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Sunset Ridge, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days17 Days-51.4%

Summary: Homes in Sunset Ridge had an average of 17 days on market in Oct 2024, down by 51.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Sunset Ridge; 67% of homes were sold within 30 days, 33% 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 21 Days Ago

Newest Listings in Sunset Ridge, FL

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