Is Upper East Side, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Upper East Side is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Upper East Side has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Upper East Side, FL

How much do homes in Upper East Side, FL cost?

Median Sold Price

$770,000

$605/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,000(-1.9%)

Key Takeaway

Homes in Upper East Side have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Upper East Side was $770,000 in November 2024, down 1.9% from last year, and the median price per square foot was $605.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350K$320K
-8.6%
2 $487.9K$465K
-4.7%
3 $1.1M$1.2M
+14.6%
4 $1.7M$2.0M
+18.2%
5+ $5.5M$6.9M
+25.9%

Summary: Upper East Side housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 25.9%.

Housing Supply in Upper East Side, FL

How many homes are available in Upper East Side, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
147151+2.7%

Summary: The Upper East Side real estate market had 151 homes for sale in November 2024, a 2.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3738
+2.7%
2 4946
-6.1%
3 2522
-12.0%
4 1622
+37.5%
5+ 2023
+15.0%

Summary: The Upper East Side housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 15%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
147-50.0%

Asking Price vs. Sold Price

7 Homes Were 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 Upper East Side, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Upper East Side in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Upper East Side, FL

How long does it take to sell a home in Upper East Side, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days78 Days+313.5%

Summary: Homes in Upper East Side had an average of 78 days on market in Nov 2024, up by 313.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Upper East Side; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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 17 Days Ago

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