$4,572 Closing Credit*
$385,000
832 SqFt
2 Beds
•1 Full Bath
Maria Walden, Listing Office: Engel & Volkers Ocala
Is Tropical Ridge, 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, Tropical Ridge was a Seller's Market.
Key Takeaway
Tropical Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tropical Ridge, FL
How much do homes in Tropical Ridge, FL cost?
Median Sold Price
$359,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,000(+19.7%)
Key Takeaway
Homes in Tropical Ridge have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Tropical Ridge was $359,000 in October 2024, up 19.7% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $295K | +15.7% |
| 2 Bedrooms | $265.5K | $330K | +24.3% |
| 3 Bedrooms | $320.4K | $410K | +27.9% |
| 4 Bedrooms | $465K | $450K | -3.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Tropical Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 27.9%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Tropical Ridge | $300K | $359K | +19.7% |
| Sunset Ridge | $440K | $444.5K | +1.0% |
| Mango Groves | $411.5K | $395K | -4.0% |
Housing Supply in Tropical Ridge, FL
How many homes are available in Tropical Ridge, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Tropical Ridge real estate market had 18 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tropical Ridge 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 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tropical Ridge, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Tropical Ridge in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Tropical Ridge, FL
How long does it take to sell a home in Tropical Ridge, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Days | 15 Days | +900.0% |
Summary: Homes in Tropical Ridge had an average of 15 days on market in Oct 2024, up by 900% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tropical Ridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Tropical Ridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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