Is Inverness, 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, Inverness was a Seller's Market.
Housing Prices in Inverness, FL
How much do homes in Inverness, FL cost?
Median Sold Price
$249,600
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Inverness was $249,600 in May 2024, up 4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $200K | N/A |
2 Bedrooms | $203K | $189.9K | -6.4% |
3 Bedrooms | $253.5K | $265K | +4.5% |
4 Bedrooms | $315K | $437.5K | +38.9% |
5+ Bedrooms | $322.5K | $425K | +31.8% |
Summary: Inverness 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 6.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 31.8%.
Housing Supply in Inverness, FL
How many homes are available in Inverness, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
160 | 168 | +5.0% |
Summary: The Inverness real estate market had 168 homes for sale in May 2024, a 5.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 42 | 42 | 0.0% |
3 Bedrooms | 98 | 108 | +10.2% |
4 Bedrooms | 19 | 17 | -10.5% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Inverness 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 remained the same, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Inverness in May 2024, down by 12.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% were sold over asking.
Days on Market for Inverness, FL
How long does it take to sell a home in Inverness, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 60 Days | +101.3% |
Summary: Homes in Inverness had an average of 60 days on market in May 2024, up by 101.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Inverness; 29% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.