Is Downtown, 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, Downtown was a Neutral Market.
Housing Prices in Downtown, FL
How much do homes in Downtown, FL cost?
Median Sold Price
$561,333
$560/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Downtown was $561,333 in May 2024, down 2.4% from last year, and the median price per square foot was $560.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $425K | +1.2% |
2 Bedrooms | $635K | $645.5K | +1.7% |
3 Bedrooms | $1.1M | $1.1M | +2.1% |
4 Bedrooms | $5.0M | $7.0M | +38.6% |
5+ Bedrooms | $18.2M | - | N/A |
Summary: Downtown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes did not change.
Housing Supply in Downtown, FL
How many homes are available in Downtown, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
509 | 568 | +11.6% |
Summary: The Downtown real estate market had 568 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 197 | 232 | +17.8% |
2 Bedrooms | 196 | 209 | +6.6% |
3 Bedrooms | 81 | 85 | +4.9% |
4 Bedrooms | 29 | 35 | +20.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Downtown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 35 | -12.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Downtown in May 2024, down by 12.5% month-over-month. Of the 35 sold homes, 86% were sold under asking, 9% were sold at asking, and 6% were sold over asking.
Days on Market for Downtown, FL
How long does it take to sell a home in Downtown, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
94 Days | 85 Days | -9.9% |
Summary: Homes in Downtown had an average of 85 days on market in May 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Downtown; 29% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.