HOMESbyRP of eXp Realty / Richard Pearrell
Wilton Manors, FL
Single-Family Homes
https://HOMESbyRP.com GRI, Associate Broker DC, MD, VA & REALTOR® in FL at eXp Realty, LLC / (301) 991-7061 /
Wilton Manors, FL
Tue Oct 15 2024
This week the median list price for Wilton Manors, FL is $950,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 90.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $950,000 | |
| Median Price of New Listings | $1,199,500 | |
| Per Square Foot | $577 | |
| Average Days on Market | 119 | |
| Median Days on Market | 84 | |
| Price Decreased | 46% | |
| Price Increased | 8% | |
| Relisted | 14% | |
| Inventory | 90 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,647,000 | 2,486 | 6,500 - 8,000 sqft | 3 | 3.5 | 63 | 0 | 1 | 98 |
| $1,150,000 | 1,747 | 6,500 - 8,000 sqft | 3 | 2.5 | 68 | 4 | 2 | 77 |
| $869,000 | 1,612 | 6,500 - 8,000 sqft | 3 | 2 | 69 | 1 | 3 | 91 |
| $679,900 | 1,456 | 6,500 - 8,000 sqft | 3 | 2 | 67 | 1 | 1 | 42 |