$3,370,000
6,819 SqFt
6 Beds
•4 Full Baths, 1 Partial
Monica McDonald, Listing Office: EXP REALTY LLC
Is Tavares, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$317,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,250(+1.0%)
Key Takeaway
Homes in Tavares have sold for 1% more than they did a year ago.
Summary: The median home sold price in Tavares was $317,500 in November 2024, up 1% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.7K | $105K | +33.3% |
| 2 Bedrooms | $210K | $225K | +7.1% |
| 3 Bedrooms | $314.9K | $316.7K | +0.6% |
| 4 Bedrooms | $349.9K | $428.6K | +22.5% |
| 5+ Bedrooms | $386.4K | $434.4K | +12.4% |
Summary: Tavares housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Eustis | $340K | $355.6K | +4.6% |
| Tavares | $314.2K | $317.5K | +1.0% |
| Leesburg East | $315.3K | $314.9K | -0.1% |
Housing Supply in Tavares, FL
How many homes are available in Tavares, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 185 | 191 | +3.2% |
Summary: The Tavares real estate market had 191 homes for sale in November 2024, a 3.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 28 | 26 | -7.1% |
| 3 Bedrooms | 107 | 110 | +2.8% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Tavares housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tavares, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Tavares in November 2024, down by 25.0% month-over-month. Of the 18 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 65 Days | +57.9% |
Summary: Homes in Tavares had an average of 65 days on market in Nov 2024, up by 57.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 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 November 2024, 18 homes were sold in Tavares; 39% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 28% 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.
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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.