Is Fellowship, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fellowship has remained a Seller's Market.
Key Takeaway
Fellowship is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fellowship, FL
How much do homes in Fellowship, FL cost?
Median Sold Price
$302,250
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fellowship have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Fellowship was $302,250 in May 2024, up 4.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $485K | $196.5K | -59.5% |
| 2 Bedrooms | $239.7K | $230.5K | -3.8% |
| 3 Bedrooms | $308.5K | $313.1K | +1.5% |
| 4 Bedrooms | $377K | $329.9K | -12.5% |
| 5+ Bedrooms | $388.2K | $348.8K | -10.2% |
Summary: Fellowship housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.5%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Cities
| Fellowship | $289.9K | $302.2K | +4.2% |
| Ocala | $274.9K | $279.9K | +1.8% |
| Williston-Bronson | $245K | $243.5K | -0.6% |
| Reddick-McIntosh | $321K | $290K | -9.7% |
| Morriston | $399K | $248K | -37.8% |
Housing Supply in Fellowship, FL
How many homes are available in Fellowship, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 766 | 730 | -4.7% |
Summary: The Fellowship real estate market had 730 homes for sale in May 2024, a 4.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 298 | 302 | +1.3% |
| 3 Bedrooms | 372 | 354 | -4.8% |
| 4 Bedrooms | 82 | 65 | -20.7% |
| 5+ Bedrooms | 14 | 9 | -35.7% |
Summary: The Fellowship 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 increased by 1.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 20.7%, and 5+ bedroom homes decreased by 35.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 125 | 141 | +12.8% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fellowship, you may be able to get a good deal. 67.4% of homes here sold below asking price last month.
Summary: A total of 141 homes were sold or pending in Fellowship in May 2024, up by 12.8% month-over-month. Of the 141 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.
Days on Market for Fellowship, FL
How long does it take to sell a home in Fellowship, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 68 Days | +66.7% |
Summary: Homes in Fellowship had an average of 68 days on market in May 2024, up by 66.7% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fellowship are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 141 homes were sold in Fellowship; 38% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information 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. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.