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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wedgefield is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Wedgefield was a Seller's Market.

Key Takeaway

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

Housing Prices in Wedgefield, FL

How much do homes in Wedgefield, FL cost?

Median Sold Price

$490,000

$231/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$60,000(-10.9%)

Key Takeaway

Homes in Wedgefield have sold for 10.9% less than they did a year ago.

Summary: The median home sold price in Wedgefield was $490,000 in December 2024, down 10.9% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $279.9K-
N/A
3 $407.5K$412.5K
+1.2%
4 $620K$532.4K
-14.1%
5+ $770K$750K
-2.6%

Summary: Wedgefield housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 2.6%.

Median Sold Price Compared To Nearby Neighborhoods

Alafaya
+6.9%
Wedgefield
-10.9%

Housing Supply in Wedgefield, FL

How many homes are available in Wedgefield, FL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6667+1.5%

Summary: The Wedgefield real estate market had 67 homes for sale in December 2024, a 1.5% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1312
-7.7%
4 3534
-2.9%
5+ 1821
+16.7%

Summary: The Wedgefield housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wedgefield, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Wedgefield in December 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for Wedgefield, FL

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

Average Sale Time

Dec 2023Dec 2024CHANGE
36 Days67 Days+85.5%

Summary: Homes in Wedgefield had an average of 67 days on market in Dec 2024, up by 85.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 9 homes were sold in Wedgefield; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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 4 Days Ago

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