$6,401 Closing Credit*
$539,000
1,527 SqFt
3 Beds
•2 Full Baths
Kathryn Larkin, Listing Office: CENTURY 21 RE CHAMPIONS
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 November 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
$175,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,000(-7.9%)
Key Takeaway
Homes in Terrace Park & Five Towns have sold for 7.9% less than they did a year ago.
Summary: The median home sold price in Terrace Park & Five Towns was $175,000 in November 2024, down 7.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144K | $125K | -13.2% |
| 2 Bedrooms | $221K | $215K | -2.7% |
| 3 Bedrooms | $382K | $435K | +13.9% |
| 4 Bedrooms | $496.5K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Terrace Park & Five Towns housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 13.9%, 4 bedroom homes did not change, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 74 | +10.4% |
Summary: The Terrace Park & Five Towns real estate market had 74 homes for sale in November 2024, a 10.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 18 | +28.6% |
| 2 Bedrooms | 52 | 53 | +1.9% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Terrace Park & Five Towns housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 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 Terrace Park & Five Towns, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Terrace Park & Five Towns in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 135 Days | +118.1% |
Summary: Homes in Terrace Park & Five Towns had an average of 135 days on market in Nov 2024, up by 118.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Terrace Park & Five Towns are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Terrace Park & Five Towns; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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