$5,047 Closing Credit*
$425,000
916 SqFt
2 Beds
•1 Full Bath
Stacey Rook, Listing Office: Rook Realty LLC
Is Sunset Ridge, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $112K | N/A |
| 2 Bedrooms | $350K | $315K | -10.0% |
| 3 Bedrooms | $430K | $492.5K | +14.5% |
| 4 Bedrooms | $550K | $469.9K | -14.6% |
| 5+ Bedrooms | - | $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 | $440K | $444.5K | +1.0% |
| Mango Groves | $411.5K | $395K | -4.0% |
| College Park | $672.5K | $625K | -7.1% |
Housing Supply in Sunset Ridge, FL
How many homes are available in Sunset Ridge, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 17 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
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.
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