$5,938 Closing Credit*
$500,000
2,269 SqFt
5 Beds
•3 Full Baths, 1 Partial
Luke Michael Modzelewski, Listing Office: Atlantic Shores ERA Powered
Is Terra Verde, 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, Terra Verde was a Neutral 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
$392,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$28,000(-6.7%)
Key Takeaway
Homes in Terra Verde have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Terra Verde was $392,000 in November 2024, down 6.7% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $327.5K | $287.5K | -12.2% |
| 4 Bedrooms | $414K | $407K | -1.7% |
| 5+ Bedrooms | $553K | $532.5K | -3.7% |
Summary: Terra Verde 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 did not change, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake Berkley | $329K | $405K | +23.1% |
| Terra Verde | $420K | $392K | -6.7% |
Housing Supply in Terra Verde, FL
How many homes are available in Terra Verde, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Terra Verde real estate market had 31 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Terra Verde 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 remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
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 2 homes were sold or pending in Terra Verde in November 2024, up by 100.0% month-over-month. Of the 2 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 9 Days | 155 Days | +1622.2% |
Summary: Homes in Terra Verde had an average of 155 days on market in Nov 2024, up by 1622.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Terra Verde are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Terra Verde; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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