Is Park East, 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, Park East was a Seller's Market.
Housing Prices in Park East, FL
How much do homes in Park East, FL cost?
Median Sold Price
$209,000
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Park East was $209,000 in May 2024, up 4.5% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $155K | -6.1% |
2 Bedrooms | $205K | $215K | +4.9% |
3 Bedrooms | $387.5K | $340K | -12.3% |
4 Bedrooms | $340K | $875K | +157.4% |
5+ Bedrooms | - | - | N/A |
Summary: Park East housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes increased by 157.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Downtown Sarasota | $1.0M | $1.2M | +15.6% |
Park East | $200K | $209K | +4.5% |
Housing Supply in Park East, FL
How many homes are available in Park East, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 45 | +9.8% |
Summary: The Park East real estate market had 45 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 9 | 0.0% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Park East 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 increased by 3.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Park East in May 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Park East, FL
How long does it take to sell a home in Park East, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 52 Days | -24.7% |
Summary: Homes in Park East had an average of 52 days on market in May 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Park East; 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.