Is Princeton-Goulds, 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, Princeton-Goulds was a Seller's Market.
Key Takeaway
Princeton-Goulds is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Princeton-Goulds, FL
How much do homes in Princeton-Goulds, FL cost?
Median Sold Price
$515,046
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Princeton-Goulds have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Princeton-Goulds was $515,046 in May 2024, up 10.8% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.5K | $203K | +10.6% |
| 2 Bedrooms | $250K | $265.2K | +6.1% |
| 3 Bedrooms | $430K | $472.5K | +9.9% |
| 4 Bedrooms | $516.2K | $575K | +11.4% |
| 5+ Bedrooms | $640K | $741.2K | +15.8% |
Summary: Princeton-Goulds housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Cities
| Kendall-Palmetto Bay | $697.9K | $791.2K | +13.4% |
| Homestead | $412.5K | $458.6K | +11.2% |
| Palmetto Bay | $980K | $1.0M | +11.1% |
| Princeton-Goulds | $464.8K | $515K | +10.8% |
| Cutler Bay | $510K | $557.8K | +9.4% |
Housing Supply in Princeton-Goulds, FL
How many homes are available in Princeton-Goulds, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 820 | 883 | +7.7% |
Summary: The Princeton-Goulds real estate market had 883 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 57 | 56 | -1.8% |
| 3 Bedrooms | 353 | 370 | +4.8% |
| 4 Bedrooms | 303 | 307 | +1.3% |
| 5+ Bedrooms | 103 | 148 | +43.7% |
Summary: The Princeton-Goulds housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 43.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 187 | 136 | -27.3% |
Asking Price vs. Sold Price
72 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Princeton-Goulds, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 136 homes were sold or pending in Princeton-Goulds in May 2024, down by 27.3% month-over-month. Of the 136 sold homes, 53% were sold under asking, 28% were sold at asking, and 19% were sold over asking.
Days on Market for Princeton-Goulds, FL
How long does it take to sell a home in Princeton-Goulds, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 46 Days | +9.6% |
Summary: Homes in Princeton-Goulds had an average of 46 days on market in May 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Princeton-Goulds are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 136 homes were sold in Princeton-Goulds; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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