How's the Real Estate Market??

Plant City, FL

Single-Family Homes

Astrid Hartleb | 239-558-1130 | https://affinityswfl.com



Plant City, FL

Thu Sep 16 2021
This week the median list price for Plant City, FL is $297,000 with the market action index hovering around 73. This is about the same as last month's market action index of 73. Inventory has decreased to 63. Click here to stay informed with the Plant City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Plant City, FL

Thu Sep 16 2021
This week the median list price for Plant City, FL is $297,000 with the market action index hovering around 73. This is about the same as last month's market action index of 73. Inventory has decreased to 63. Click here to stay informed with the Plant City market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Plant City market.
Median List Price $297,000
Median Price of New Listings $250,000
Per Square Foot $185
Average Days on Market 66
Median Days on Market 28
Price Decreased 37%
Price Increased 2%
Relisted 2%
Inventory 63
Median Rent $1,699
Market Action 73
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,250,000 3,080 2.5 - 5 acres 4 3 24 0 1 42
$387,000 2,389 0.25 - 0.5 acre 4 2 18 3 4 21
$260,000 1,418 8,000 - 10,000 sqft 3 2 55 5 5 24
$182,450 1,223 8,000 - 10,000 sqft 3 1 67 5 4 28