Is Sunshine Parkway, 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, Sunshine Parkway was a Seller's Market.
Housing Prices in Sunshine Parkway, FL
How much do homes in Sunshine Parkway, FL cost?
Median Sold Price
$613,843
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sunshine Parkway was $613,843 in May 2024, up 7.2% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $125K | 0.0% |
2 Bedrooms | $291.7K | $315.1K | +8.0% |
3 Bedrooms | $539.7K | $567.6K | +5.2% |
4 Bedrooms | $769.2K | $793.7K | +3.2% |
5+ Bedrooms | $1.1M | $1.1M | -0.4% |
Summary: Sunshine Parkway 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 increased by 8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Coconut Creek | $314.5K | $342.3K | +8.8% |
Sunshine Parkway | $572.8K | $613.8K | +7.2% |
Royal Palm Beach | $460K | $490.1K | +6.5% |
Wellington | $664.8K | $695K | +4.5% |
Boynton Beach-Delray Beach | $375.7K | $391.3K | +4.1% |
Housing Supply in Sunshine Parkway, FL
How many homes are available in Sunshine Parkway, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,973 | 2,072 | +5.0% |
Summary: The Sunshine Parkway real estate market had 2,072 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 | 94 | 97 | +3.2% |
2 Bedrooms | 516 | 528 | +2.3% |
3 Bedrooms | 612 | 623 | +1.8% |
4 Bedrooms | 387 | 442 | +14.2% |
5+ Bedrooms | 364 | 382 | +4.9% |
Summary: The Sunshine Parkway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
314 | 284 | -9.6% |
Asking Price vs. Sold Price
230 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 284 homes were sold or pending in Sunshine Parkway in May 2024, down by 9.6% month-over-month. Of the 284 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% were sold over asking.
Days on Market for Sunshine Parkway, FL
How long does it take to sell a home in Sunshine Parkway, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 60 Days | +27.9% |
Summary: Homes in Sunshine Parkway had an average of 60 days on market in May 2024, up by 27.9% compared to last year.
Breakdown of Home Sale Times
117 Homes Were Sold
Under 30 Days
103 Homes Were Sold
In 30 - 90 Days
64 Homes Were Sold
Over 90 Days
Summary: During May 2024, 284 homes were sold in Sunshine Parkway; 41% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.