Is Florida, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Florida is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Florida, NY

How much do homes in Florida, NY cost?

Median Sold Price

$390,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+1.3%)

Key Takeaway

Homes in Florida have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Florida was $390,000 in October 2024, up 1.3% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$290K
N/A
2 $270K$332.5K
+23.1%
3 $391K$390K
-0.3%
4 $435K$579.5K
+33.2%
5+ $310K$593.5K
+91.5%

Summary: Florida 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 23.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes increased by 91.5%.

Housing Supply in Florida, NY

How many homes are available in Florida, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2428+16.7%

Summary: The Florida real estate market had 28 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 77
0.0%
3 1114
+27.3%
4 56
+20.0%
5+ 11
0.0%

Summary: The Florida 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 27.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Florida, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Florida in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Florida, NY

How long does it take to sell a home in Florida, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days39 Days-44.9%

Summary: Homes in Florida had an average of 39 days on market in Oct 2024, down by 44.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Florida; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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