Is Floral City, 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, Floral City was a Seller's Market.
Housing Prices in Floral City, FL
How much do homes in Floral City, FL cost?
Median Sold Price
$259,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Floral City was $259,000 in May 2024, down 9.1% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | - | N/A |
2 Bedrooms | $205K | $199K | -2.9% |
3 Bedrooms | $360K | $280K | -22.2% |
4 Bedrooms | $493K | $260K | -47.3% |
5+ Bedrooms | $750K | $1.1M | +59.3% |
Summary: Floral City 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 2.9%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 47.3%, and 5+ bedroom homes increased by 59.3%.
Median Sold Price Compared To Nearby Cities
Lecanto | $312K | $290K | -7.1% |
Floral City | $285K | $259K | -9.1% |
Bushnell-Center Hill | $274.9K | $249.4K | -9.2% |
Lake Panasoffkee | $245K | $159K | -35.1% |
Housing Supply in Floral City, FL
How many homes are available in Floral City, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 42 | 0.0% |
Summary: The Floral City real estate market had 42 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Floral City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Floral City in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Floral City, FL
How long does it take to sell a home in Floral City, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 21 Days | -49.0% |
Summary: Homes in Floral City had an average of 21 days on market in May 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Floral City; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.