Is Terra Verde, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Terra Verde is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Terra Verde was a Seller's Market.

Key Takeaway

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

Housing Prices in Terra Verde, FL

How much do homes in Terra Verde, FL cost?

Median Sold Price

$393,250

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$36,258(-8.4%)

Key Takeaway

Homes in Terra Verde have sold for 8.4% less than they did a year ago.

Summary: The median home sold price in Terra Verde was $393,250 in October 2024, down 8.4% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $327.5K$287.5K
-12.2%
4 $419K$399K
-4.8%
5+ $553.5K$535K
-3.3%

Summary: Terra Verde housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Neighborhoods

Lake Berkley
+26.5%
Terra Verde
-8.4%

Housing Supply in Terra Verde, FL

How many homes are available in Terra Verde, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3437+8.8%

Summary: The Terra Verde real estate market had 37 homes for sale in October 2024, a 8.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1113
+18.2%
4 1516
+6.7%
5+ 88
0.0%

Summary: The Terra Verde 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 remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Terra Verde, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Terra Verde in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Terra Verde, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days45 Days+29.8%

Summary: Homes in Terra Verde had an average of 45 days on market in Oct 2024, up by 29.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Terra Verde has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Terra Verde; 0% of homes were sold within 30 days, 100% 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 22 Days Ago

Newest Listings in Terra Verde, FL

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