$4,691 Closing Credit*
$395,000
2,476 SqFt
4 Beds
•3 Full Baths
Thomas Lemmon, Listing Office: BHHS FLORIDA PROPERTIES GROUP
Is Verandahs / Pine Ridge at Sugar Creek, 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, Verandahs / Pine Ridge at Sugar Creek was a Seller's Market.
Key Takeaway
Verandahs / Pine Ridge at Sugar Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Verandahs / Pine Ridge at Sugar Creek, FL
How much do homes in Verandahs / Pine Ridge at Sugar Creek, FL cost?
Median Sold Price
$315,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,500(-5.3%)
Key Takeaway
Homes in Verandahs / Pine Ridge at Sugar Creek have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Verandahs / Pine Ridge at Sugar Creek was $315,000 in November 2024, down 5.3% 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 | - | - | N/A |
| 2 Bedrooms | $140K | $155K | +10.7% |
| 3 Bedrooms | $292.9K | $276K | -5.8% |
| 4 Bedrooms | $365K | $362K | -0.8% |
| 5+ Bedrooms | $364.9K | $350K | -4.1% |
Summary: Verandahs / Pine Ridge at Sugar Creek housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Meadow Oaks | $273.7K | $296.5K | +8.3% |
| Quail Ridge | $389.5K | $384.9K | -1.2% |
| Verandahs / Pine Ridge at Sugar Creek | $332.5K | $315K | -5.3% |
| Lakeside | $379.9K | $352.5K | -7.2% |
Housing Supply in Verandahs / Pine Ridge at Sugar Creek, FL
How many homes are available in Verandahs / Pine Ridge at Sugar Creek, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The Verandahs / Pine Ridge at Sugar Creek real estate market had 26 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Verandahs / Pine Ridge at Sugar Creek 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 7.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 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 Verandahs / Pine Ridge at Sugar Creek, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Verandahs / Pine Ridge at Sugar Creek in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Verandahs / Pine Ridge at Sugar Creek, FL
How long does it take to sell a home in Verandahs / Pine Ridge at Sugar Creek, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 41 Days | +148.5% |
Summary: Homes in Verandahs / Pine Ridge at Sugar Creek had an average of 41 days on market in Nov 2024, up by 148.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Verandahs / Pine Ridge at Sugar Creek has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Verandahs / Pine Ridge at Sugar Creek; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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