$3,551 Closing Credit*
$299,000
1,645 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kim Joseph, Listing Office: Kugler & Joseph Realty
Is Florida Area, LA 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, Florida Area was a Seller's Market.
Key Takeaway
Florida Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Florida Area, LA
How much do homes in Florida Area, LA cost?
Median Sold Price
$219,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$84,000(+62.2%)
Key Takeaway
Homes in Florida Area have sold for 62.2% more than they did a year ago.
Summary: The median home sold price in Florida Area was $219,000 in October 2024, up 62.2% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89K | $85K | -4.5% |
| 2 Bedrooms | $91K | $146.8K | +61.4% |
| 3 Bedrooms | $140K | $353K | +152.1% |
| 4 Bedrooms | $193.5K | $282.5K | +46.0% |
| 5+ Bedrooms | $219.5K | $273.5K | +24.6% |
Summary: Florida Area housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 61.4%, 3 bedroom homes increased by 152.1%, 4 bedroom homes increased by 46%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Florida Area | $135K | $219K | +62.2% |
| Saint Roch | $251K | $220K | -12.4% |
Housing Supply in Florida Area, LA
How many homes are available in Florida Area, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Florida Area real estate market had 27 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Florida Area housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florida Area, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Florida Area in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Florida Area, LA
How long does it take to sell a home in Florida Area, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 105 Days | 92 Days | -12.4% |
Summary: Homes in Florida Area had an average of 92 days on market in Oct 2024, down by 12.4% compared to last year.
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
Key Takeaway
Most homes in Florida Area 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 Florida Area; 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.
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