Is The Estates, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing The Estates is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, The Estates was a Neutral Market.

Key Takeaway

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

Housing Prices in The Estates, FL

How much do homes in The Estates, FL cost?

Median Sold Price

$470,000

$458/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$1,105,000(-70.2%)

Key Takeaway

Homes in The Estates have sold for 70.2% less than they did a month ago.

Summary: The median home sold price in The Estates was $470,000 in November 2024, down 70.2% from last month, and the median price per square foot was $458.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $640K$470K
-26.6%
3 $1.5M-
N/A
4 $1.6M-
N/A
5+ $11.7M-
N/A

Summary: The Estates housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 26.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in The Estates, FL

How many homes are available in The Estates, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2322-4.3%

Summary: The The Estates real estate market had 22 homes for sale in November 2024, a 4.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 10
-100.0%
4 44
0.0%
5+ 1415
+7.1%

Summary: The The Estates 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 decreased by 25%, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
41-75.0%

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 The Estates, 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 The Estates in November 2024, down by 75.0% 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 The Estates, FL

How long does it take to sell a home in The Estates, FL?

Average Sale Time

Oct 2024Nov 2024CHANGE
103 Days158 Days+52.3%

Summary: Homes in The Estates had an average of 158 days on market in Nov 2024, up by 52.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in The Estates are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in The Estates; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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