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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Florida is a neutral'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 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 Florida, NY

How much do homes in Florida, NY cost?

Median Sold Price

$343,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,875(+11.0%)

Key Takeaway

Homes in Florida have sold for 11% more than they did a year ago.

Summary: The median home sold price in Florida was $343,000 in October 2024, up 11% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$290K
N/A
2 $247K$300K
+21.5%
3 $330K$330K
0.0%
4 $407.5K$537.5K
+31.9%
5+ $432.5K$510K
+17.9%

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 21.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes increased by 17.9%.

Median Sold Price Compared To Nearby Cities

Florida
+11.0%
Glen
+8.0%
Amsterdam
+4.2%

Housing Supply in Florida, NY

How many homes are available in Florida, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3337+12.1%

Summary: The Florida real estate market had 37 homes for sale in October 2024, a 12.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 1317
+30.8%
4 99
0.0%
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 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Florida, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Florida in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
62 Days23 Days-62.3%

Summary: Homes in Florida had an average of 23 days on market in Oct 2024, down by 62.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were 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, 6 homes were sold in Florida; 83% of homes were sold within 30 days, 17% 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 20 Days Ago

Newest Listings in Florida, NY

Nearby Markets to Florida, NY