$189,000
0.05 Acres
Land
EVA W SIMPSON, Listing Office: WELAKA REALTY LLC
Is Welaka, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Welaka was a Seller's Market.
Key Takeaway
Welaka is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Welaka, FL
How much do homes in Welaka, FL cost?
Median Sold Price
$273,490
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,495(+4.4%)
Key Takeaway
Homes in Welaka have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Welaka was $273,490 in October 2024, up 4.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $317.5K | +5.8% |
| 3 Bedrooms | $242.4K | $245K | +1.1% |
| 4 Bedrooms | $255.4K | $271.4K | +6.3% |
| 5+ Bedrooms | $284.9K | $269.9K | -5.3% |
Summary: Welaka housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in Welaka, FL
How many homes are available in Welaka, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Welaka 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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Welaka 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Welaka, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Welaka in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Welaka, FL
How long does it take to sell a home in Welaka, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 54 Days | -15.5% |
Summary: Homes in Welaka had an average of 54 days on market in Oct 2024, down by 15.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Welaka are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Welaka; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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