Is West Sweetwater, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Sweetwater is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

West Sweetwater is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in West Sweetwater, FL

How much do homes in West Sweetwater, FL cost?

Median Sold Price

$745,000

$387/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$75,500(+11.3%)

Key Takeaway

Homes in West Sweetwater have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in West Sweetwater was $745,000 in October 2024, up 11.3% from last year, and the median price per square foot was $387.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $532.5K$390K
-26.8%
3 $550.5K$645K
+17.2%
4 $740K$810K
+9.5%
5+ $1.3M$1.5M
+14.8%

Summary: West Sweetwater 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 decreased by 26.8%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 14.8%.

Housing Supply in West Sweetwater, FL

How many homes are available in West Sweetwater, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5348-9.4%

Summary: The West Sweetwater real estate market had 48 homes for sale in October 2024, a 9.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1815
-16.7%
4 1512
-20.0%
5+ 1616
0.0%

Summary: The West Sweetwater 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 increased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Sweetwater, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in West Sweetwater in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for West Sweetwater, FL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
70 Days35 Days-49.7%

Summary: Homes in West Sweetwater had an average of 35 days on market in Oct 2024, down by 49.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in West Sweetwater; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 13 Days Ago

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