Is Florida, NY 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, Florida has remained a Seller's Market.
Key Takeaway
Florida is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Florida, NY
How much do homes in Florida, NY cost?
Median Sold Price
$386,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Florida has remained the same since last year.
Summary: The median home sold price in Florida was $386,500 in May 2024, up 0.4% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $316.5K | +24.1% |
| 2 Bedrooms | $270K | $301.7K | +11.8% |
| 3 Bedrooms | $370K | $388K | +4.9% |
| 4 Bedrooms | $479K | $610K | +27.3% |
| 5+ Bedrooms | $260K | $510K | +96.2% |
Summary: Florida housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 96.2%.
Housing Supply in Florida, NY
How many homes are available in Florida, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Summary: The Florida real estate market had 16 homes for sale in May 2024, a 20.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Florida 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 66.7%, 3 bedroom homes increased 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 |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florida, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Florida in May 2024, down by 62.5% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Florida, NY
How long does it take to sell a home in Florida, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 95 Days | 33 Days | -64.9% |
Summary: Homes in Florida had an average of 33 days on market in May 2024, down by 64.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Florida are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Florida; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.