Is University, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing University is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, University has remained a Seller's Market.

Key Takeaway

University is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in University, FL

How much do homes in University, FL cost?

Median Sold Price

$337,000

$233/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$53,127(-13.6%)

Key Takeaway

Homes in University have sold for 13.6% less than they did a month ago.

Summary: The median home sold price in University was $337,000 in November 2024, down 13.6% from last month, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $290K$160K
-44.8%
3 $350K$277.4K
-20.7%
4 $447.5K$427.5K
-4.5%
5+ $715K-
N/A

Summary: University 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 44.8%, 3 bedroom homes decreased by 20.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes did not change.

Housing Supply in University, FL

How many homes are available in University, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6463-1.6%

Summary: The University real estate market had 63 homes for sale in November 2024, a 1.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 1919
0.0%
3 1719
+11.8%
4 2218
-18.2%
5+ 23
+50.0%

Summary: The University 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 increased by 11.8%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in University, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in University in November 2024, up by 8.3% month-over-month. Of the 13 sold homes, 77% were sold under asking, 23% were sold at asking, and 0% were sold over asking.

Days on Market for University, FL

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

Average Sale Time

Oct 2024Nov 2024CHANGE
44 Days54 Days+22.6%

Summary: Homes in University had an average of 54 days on market in Nov 2024, up by 22.6% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in University are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in University; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% 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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