Is 34242, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 34242 was a Seller's Market.
Key Takeaway
34242 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 34242, FL
How much do homes in 34242, FL cost?
Median Sold Price
$1,035,750
$708/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 34242 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 34242 was $1,035,750 in May 2024, up 10.4% from last year, and the median price per square foot was $708.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $501K | $525K | +4.8% |
| 2 Bedrooms | $790.8K | $803K | +1.5% |
| 3 Bedrooms | $1.4M | $1.6M | +11.3% |
| 4 Bedrooms | $2.3M | $2.5M | +8.5% |
| 5+ Bedrooms | $3.2M | $4.8M | +48.8% |
Summary: 34242 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 48.8%.
Housing Supply in 34242, FL
How many homes are available in 34242, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 445 | 401 | -9.9% |
Summary: The 34242 real estate market had 401 homes for sale in May 2024, a 9.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 38 | +5.6% |
| 2 Bedrooms | 194 | 171 | -11.9% |
| 3 Bedrooms | 94 | 78 | -17.0% |
| 4 Bedrooms | 80 | 76 | -5.0% |
| 5+ Bedrooms | 41 | 38 | -7.3% |
Summary: The 34242 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 7.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 45 | -26.2% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 34242, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 34242 in May 2024, down by 26.2% month-over-month. Of the 45 sold homes, 87% were sold under asking, 9% were sold at asking, and 4% were sold over asking.
Days on Market for 34242, FL
How long does it take to sell a home in 34242, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 85 Days | +44.9% |
Summary: Homes in 34242 had an average of 85 days on market in May 2024, up by 44.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 34242 has remained consistent over time.
Summary: During May 2024, 45 homes were sold in 34242; 24% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.