Is Greater Arlington, 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, Greater Arlington has remained a Seller's Market.
Key Takeaway
Greater Arlington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greater Arlington, FL
How much do homes in Greater Arlington, FL cost?
Median Sold Price
$339,998
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greater Arlington have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Greater Arlington was $339,998 in May 2024, up 7.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $122.5K | +16.7% |
| 2 Bedrooms | $215K | $219.8K | +2.3% |
| 3 Bedrooms | $297.1K | $322.5K | +8.5% |
| 4 Bedrooms | $419.6K | $420K | 0.1% |
| 5+ Bedrooms | $616.5K | $587K | -4.8% |
Summary: Greater Arlington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Greater Arlington | $314.9K | $339.9K | +7.9% |
| Atlantic Boulevard Estates | $279.2K | $291K | +4.2% |
| Holly Oaks | $335K | $300K | -10.4% |
Housing Supply in Greater Arlington, FL
How many homes are available in Greater Arlington, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 839 | 874 | +4.2% |
Summary: The Greater Arlington real estate market had 874 homes for sale in May 2024, a 4.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 97 | 122 | +25.8% |
| 3 Bedrooms | 432 | 427 | -1.2% |
| 4 Bedrooms | 250 | 267 | +6.8% |
| 5+ Bedrooms | 50 | 47 | -6.0% |
Summary: The Greater Arlington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 25.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 217 | 193 | -11.1% |
Asking Price vs. Sold Price
119 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greater Arlington, you may be able to get a good deal. 61.7% of homes here sold below asking price last month.
Summary: A total of 193 homes were sold or pending in Greater Arlington in May 2024, down by 11.1% month-over-month. Of the 193 sold homes, 62% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Greater Arlington, FL
How long does it take to sell a home in Greater Arlington, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 40 Days | -34.6% |
Summary: Homes in Greater Arlington had an average of 40 days on market in May 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
110 Homes Were Sold
Under 30 Days
55 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greater Arlington are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 193 homes were sold in Greater Arlington; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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