Is Sunshine Parkway, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunshine Parkway is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sunshine Parkway was a Seller's Market.

Key Takeaway

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

Housing Prices in Sunshine Parkway, FL

How much do homes in Sunshine Parkway, FL cost?

Median Sold Price

$622,892

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,389(+5.8%)

Key Takeaway

Homes in Sunshine Parkway have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Sunshine Parkway was $622,892 in November 2024, up 5.8% from last year, and the median price per square foot was $298.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $129K$115K
-10.9%
2 $303.2K$309.4K
+2.0%
3 $550K$569.1K
+3.5%
4 $754.4K$801.7K
+6.3%
5+ $1.1M$1.2M
+6.7%

Summary: Sunshine Parkway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 6.7%.

Median Sold Price Compared To Nearby Cities

Coconut Creek
+16.9%
Boynton Beach-Delray Beach
+5.9%
Royal Palm Beach
+5.9%
Sunshine Parkway
+5.8%
Wellington
+3.3%

Housing Supply in Sunshine Parkway, FL

How many homes are available in Sunshine Parkway, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,8171,951+7.4%

Summary: The Sunshine Parkway real estate market had 1,951 homes for sale in November 2024, a 7.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 7086
+22.9%
2 439480
+9.3%
3 586629
+7.3%
4 369390
+5.7%
5+ 353366
+3.7%

Summary: The Sunshine Parkway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.9%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 3.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
223182-18.4%

Asking Price vs. Sold Price

151 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunshine Parkway, you may be able to get a good deal. 83% of homes here sold below asking price last month.

Summary: A total of 182 homes were sold or pending in Sunshine Parkway in November 2024, down by 18.4% month-over-month. Of the 182 sold homes, 83% were sold under asking, 7% were sold at asking, and 10% were sold over asking.

Days on Market for Sunshine Parkway, FL

How long does it take to sell a home in Sunshine Parkway, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days62 Days+45.5%

Summary: Homes in Sunshine Parkway had an average of 62 days on market in Nov 2024, up by 45.5% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

73 Homes Were Sold
In 30 - 90 Days

42 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sunshine Parkway has remained consistent over time.

Summary: During November 2024, 182 homes were sold in Sunshine Parkway; 37% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 23% 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 20 Days Ago

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