Is Tangerine, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tangerine is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Tangerine has remained a Seller's Market.

Key Takeaway

Tangerine is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tangerine, FL

How much do homes in Tangerine, FL cost?

Median Sold Price

$568,723

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$67,028(+13.4%)

Key Takeaway

Homes in Tangerine have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in Tangerine was $568,723 in November 2024, up 13.4% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $269.5K$536K
+98.9%
3 $488.6K$530K
+8.5%
4 $504.9K$572.4K
+13.4%
5+ $659K$698.7K
+6.0%

Summary: Tangerine 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 98.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 6%.

Housing Supply in Tangerine, FL

How many homes are available in Tangerine, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3129-6.5%

Summary: The Tangerine real estate market had 29 homes for sale in November 2024, a 6.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1615
-6.3%
4 108
-20.0%
5+ 34
+33.3%

Summary: The Tangerine 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 6.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were 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 Tangerine, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Tangerine in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Tangerine, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days45 Days+151.9%

Summary: Homes in Tangerine had an average of 45 days on market in Nov 2024, up by 151.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Tangerine; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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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