Is Indiantown, 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, Indiantown was a Seller's Market.
Key Takeaway
Indiantown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Indiantown, FL
How much do homes in Indiantown, FL cost?
Median Sold Price
$705,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Indiantown have sold for 21.6% more than they did a year ago.
Summary: The median home sold price in Indiantown was $705,000 in May 2024, up 21.6% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $444.9K | $434K | -2.5% |
| 3 Bedrooms | $472K | $567.4K | +20.2% |
| 4 Bedrooms | $720.5K | $950K | +31.9% |
| 5+ Bedrooms | $1.0M | $1.2M | +14.3% |
Summary: Indiantown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Indiantown | $580K | $705K | +21.6% |
| Port Salerno-Hobe Sound | $448.6K | $502.6K | +12.0% |
| Palm City | $580.8K | $650K | +11.9% |
| Port Saint Lucie | $389.9K | $398.5K | +2.2% |
| Hobe Sound | $519.6K | $529K | +1.8% |
Housing Supply in Indiantown, FL
How many homes are available in Indiantown, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 83 | 95 | +14.5% |
Summary: The Indiantown real estate market had 95 homes for sale in May 2024, a 14.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 23 | 32 | +39.1% |
| 4 Bedrooms | 29 | 31 | +6.9% |
| 5+ Bedrooms | 19 | 21 | +10.5% |
Summary: The Indiantown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 39.1%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Indiantown, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Indiantown in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Indiantown, FL
How long does it take to sell a home in Indiantown, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +26.1% |
Summary: Homes in Indiantown had an average of 30 days on market in May 2024, up by 26.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Indiantown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Indiantown; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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