Is Trafalgar, 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, Trafalgar was a Seller's Market.
Key Takeaway
Trafalgar is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Trafalgar, FL
How much do homes in Trafalgar, FL cost?
Median Sold Price
$416,215
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Trafalgar have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Trafalgar was $416,215 in May 2024, down 7.5% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $345K | $357.2K | +3.6% |
| 3 Bedrooms | $431K | $399.6K | -7.3% |
| 4 Bedrooms | $476.9K | $449K | -5.9% |
| 5+ Bedrooms | $587K | $597.5K | +1.8% |
Summary: Trafalgar 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 3.6%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Burnt Store | $439K | $450K | +2.5% |
| Mariner | $379.9K | $375K | -1.3% |
| Hancock | $385K | $375K | -2.6% |
| Trafalgar | $449.8K | $416.2K | -7.5% |
Housing Supply in Trafalgar, FL
How many homes are available in Trafalgar, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 314 | 333 | +6.1% |
Summary: The Trafalgar real estate market had 333 homes for sale in May 2024, a 6.1% increase 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 | 29 | 26 | -10.3% |
| 3 Bedrooms | 200 | 191 | -4.5% |
| 4 Bedrooms | 77 | 109 | +41.6% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Trafalgar 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 decreased by 10.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 41.6%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 36 | -32.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Trafalgar, you may be able to get a good deal. 86.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Trafalgar in May 2024, down by 32.1% month-over-month. Of the 36 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Trafalgar, FL
How long does it take to sell a home in Trafalgar, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 61 Days | +38.5% |
Summary: Homes in Trafalgar had an average of 61 days on market in May 2024, up by 38.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Trafalgar has remained consistent over time.
Summary: During May 2024, 36 homes were sold in Trafalgar; 31% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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