Is Ponce De Leon, 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, Ponce De Leon has remained a Seller's Market.
Key Takeaway
Ponce De Leon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ponce De Leon, FL
How much do homes in Ponce De Leon, FL cost?
Median Sold Price
$312,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ponce De Leon have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Ponce De Leon was $312,000 in May 2024, down 2.5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $248.2K | $220K | -11.4% |
| 3 Bedrooms | $300K | $335K | +11.7% |
| 4 Bedrooms | $314.9K | $336K | +6.7% |
| 5+ Bedrooms | $380K | - | N/A |
Summary: Ponce De Leon 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 11.4%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ponce de Leon | $300K | $312K | +4.0% |
| Redbay | $259.9K | $265K | +1.9% |
| Ponce De Leon | $320K | $312K | -2.5% |
Housing Supply in Ponce De Leon, FL
How many homes are available in Ponce De Leon, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Ponce De Leon real estate market had 11 homes for sale in May 2024, a 21.4% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ponce De Leon 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 decreased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ponce De Leon, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Ponce De Leon in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ponce De Leon, FL
How long does it take to sell a home in Ponce De Leon, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 57 Days | +23.7% |
Summary: Homes in Ponce De Leon had an average of 57 days on market in May 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ponce De Leon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Ponce De Leon; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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