Is Washington Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington Park is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Washington Park has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Washington Park, FL

How much do homes in Washington Park, FL cost?

Median Sold Price

$155,500

$160/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$25,500(+19.6%)

Key Takeaway

Homes in Washington Park have sold for 19.6% more than they did a month ago.

Summary: The median home sold price in Washington Park was $155,500 in October 2024, up 19.6% from last month, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $110K-
N/A
2 $135K$155.5K
+15.2%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Washington Park housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Washington Park, FL

How many homes are available in Washington Park, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2527+8.0%

Summary: The Washington Park real estate market had 27 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 66
0.0%
2 1717
0.0%
3 22
0.0%
4 02
+100.0%
5+ 00
0.0%

Summary: The Washington Park 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 remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington Park, 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 Washington Park in October 2024, down by 66.7% month-over-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 Washington Park, FL

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

Average Sale Time

Sep 2024Oct 2024CHANGE
181 Days308 Days+69.9%

Summary: Homes in Washington Park had an average of 308 days on market in Oct 2024, up by 69.9% 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 Washington Park are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Washington Park; 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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