$8,063 Closing Credit*
$679,000
2,179 SqFt
3 Beds
•2 Full Baths
Tammy Poling-Vasquez, Listing Office: CENTURY 21 BEGGINS
Is Terrace Park & Five Towns, 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, Terrace Park & Five Towns was a Seller's Market.
Key Takeaway
Terrace Park & Five Towns is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Terrace Park & Five Towns, FL
How much do homes in Terrace Park & Five Towns, FL cost?
Median Sold Price
$169,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$28,000(-14.2%)
Key Takeaway
Homes in Terrace Park & Five Towns have sold for 14.2% less than they did a year ago.
Summary: The median home sold price in Terrace Park & Five Towns was $169,000 in October 2024, down 14.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $129.4K | -10.7% |
| 2 Bedrooms | $224.2K | $215K | -4.1% |
| 3 Bedrooms | $382K | $435K | +13.9% |
| 4 Bedrooms | $500K | $493K | -1.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Terrace Park & Five Towns housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes did not change.
Housing Supply in Terrace Park & Five Towns, FL
How many homes are available in Terrace Park & Five Towns, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 71 | +1.4% |
Summary: The Terrace Park & Five Towns real estate market had 71 homes for sale in October 2024, a 1.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 51 | 52 | +2.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Terrace Park & Five Towns 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 increased by 2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Terrace Park & Five Towns, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Terrace Park & Five Towns in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Terrace Park & Five Towns, FL
How long does it take to sell a home in Terrace Park & Five Towns, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 73 Days | +21.4% |
Summary: Homes in Terrace Park & Five Towns had an average of 73 days on market in Oct 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Terrace Park & Five Towns are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Terrace Park & Five Towns; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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