$4,750 Closing Credit*
$400,000
1,644 SqFt
3 Beds
•2 Full Baths
Loretta C. Maimone, Listing Office: ERA GRIZZARD REAL ESTATE
Is Tavares, 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, Tavares was a Seller's Market.
Key Takeaway
Tavares is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tavares, FL
How much do homes in Tavares, FL cost?
Median Sold Price
$321,105
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,483(+3.4%)
Key Takeaway
Homes in Tavares have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Tavares was $321,105 in October 2024, up 3.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.7K | $105K | +33.3% |
| 2 Bedrooms | $210.7K | $215K | +2.0% |
| 3 Bedrooms | $310K | $319.9K | +3.2% |
| 4 Bedrooms | $349.4K | $422.9K | +21.0% |
| 5+ Bedrooms | $384.9K | $435K | +13.0% |
Summary: Tavares housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Tavares | $310.6K | $321.1K | +3.4% |
| Eustis | $339.3K | $341.3K | +0.6% |
| Leesburg East | $313.5K | $310.7K | -0.9% |
Housing Supply in Tavares, FL
How many homes are available in Tavares, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 187 | 178 | -4.8% |
Summary: The Tavares real estate market had 178 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 | 34 | 27 | -20.6% |
| 3 Bedrooms | 102 | 101 | -1.0% |
| 4 Bedrooms | 36 | 38 | +5.6% |
| 5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Tavares 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 20.6%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 21 | -36.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tavares, you may be able to get a good deal. 81% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Tavares in October 2024, down by 36.4% month-over-month. Of the 21 sold homes, 81% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Tavares, FL
How long does it take to sell a home in Tavares, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 54 Days | +64.4% |
Summary: Homes in Tavares had an average of 54 days on market in Oct 2024, up by 64.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tavares are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Tavares; 43% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.