Is Laurel Hill, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Laurel Hill was a Seller's Market.
Key Takeaway
Laurel Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Laurel Hill, FL
How much do homes in Laurel Hill, FL cost?
Median Sold Price
$299,900
$190/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Laurel Hill have sold for 3.4% more than they did a month ago.
Summary: The median home sold price in Laurel Hill was $299,900 in April 2024, up 3.4% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | - | N/A |
| 3 Bedrooms | $149.9K | $250K | +66.8% |
| 4 Bedrooms | $289.9K | $419.5K | +44.7% |
| 5+ Bedrooms | $342.9K | $314.9K | -8.2% |
Summary: Laurel Hill housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 66.8%, 4 bedroom homes increased by 44.7%, and 5+ bedroom homes decreased by 8.2%.
Housing Supply in Laurel Hill, FL
How many homes are available in Laurel Hill, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 56 | +12.0% |
Summary: The Laurel Hill real estate market had 56 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 21 | 23 | +9.5% |
| 5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Laurel Hill housing inventory by bedroom type for April 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 11.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel Hill, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Laurel Hill in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Laurel Hill, FL
How long does it take to sell a home in Laurel Hill, FL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 158 Days | 128 Days | -19.1% |
Summary: Homes in Laurel Hill had an average of 128 days on market in Apr 2024, down by 19.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Laurel Hill are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in Laurel Hill; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
