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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunset West is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sunset West was a Neutral Market.

Key Takeaway

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

Housing Prices in Sunset West, FL

How much do homes in Sunset West, FL cost?

Median Sold Price

$755,000

$406/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,500(+6.9%)

Key Takeaway

Homes in Sunset West have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Sunset West was $755,000 in November 2024, up 6.9% from last year, and the median price per square foot was $406.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $225K$235K
+4.4%
2 $253.7K$272K
+7.2%
3 $655K$697.5K
+6.5%
4 $788.6K$850K
+7.8%
5+ $1.2M$1.7M
+36.9%

Summary: Sunset West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 36.9%.

Housing Supply in Sunset West, FL

How many homes are available in Sunset West, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4449+11.4%

Summary: The Sunset West real estate market had 49 homes for sale in November 2024, a 11.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 46
+50.0%
3 1413
-7.1%
4 1014
+40.0%
5+ 1313
0.0%

Summary: The Sunset West 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 increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 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 West, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Sunset West in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sunset West, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days23 Days-55.1%

Summary: Homes in Sunset West had an average of 23 days on market in Nov 2024, down by 55.1% compared to last year.

Breakdown of Home Sale Times

3 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 West are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Sunset West; 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 21 Days Ago

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