Is Weeki Wachee, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Weeki Wachee is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Weeki Wachee was a Neutral Market.

Key Takeaway

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

Housing Prices in Weeki Wachee, FL

How much do homes in Weeki Wachee, FL cost?

Median Sold Price

$368,145

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,651(+6.2%)

Key Takeaway

Homes in Weeki Wachee have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Weeki Wachee was $368,145 in November 2024, up 6.2% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $105K$132.5K
+26.2%
2 $219K$242.5K
+10.7%
3 $343.7K$365K
+6.2%
4 $365K$399.9K
+9.6%
5+ $519.9K$500K
-3.8%

Summary: Weeki Wachee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.2%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Cities

Weeki Wachee
+6.2%
Hernando Beach
+2.4%
Spring Hill
+2.1%

Housing Supply in Weeki Wachee, FL

How many homes are available in Weeki Wachee, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
376395+5.1%

Summary: The Weeki Wachee real estate market had 395 homes for sale in November 2024, a 5.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 46
+50.0%
2 5867
+15.5%
3 201225
+11.9%
4 9986
-13.1%
5+ 1411
-21.4%

Summary: The Weeki Wachee housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5340-24.5%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Weeki Wachee, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Weeki Wachee in November 2024, down by 24.5% month-over-month. Of the 40 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.

Days on Market for Weeki Wachee, FL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days89 Days+307.2%

Summary: Homes in Weeki Wachee had an average of 89 days on market in Nov 2024, up by 307.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Weeki Wachee are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 40 homes were sold in Weeki Wachee; 20% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 25% 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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