$37,000
0.23 Acres
Land
Bobbi Sue Taylor, Listing Office: PARADISE EXCLUSIVE INC
Is Englewood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Englewood was a Seller's Market.
Key Takeaway
Englewood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Englewood, FL
How much do homes in Englewood, FL cost?
Median Sold Price
$375,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$5,037(+1.4%)
Key Takeaway
Homes in Englewood have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Englewood was $375,000 in August 2024, up 1.4% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $168K | $151K | -10.1% |
| 2 Bedrooms | $310K | $302.4K | -2.5% |
| 3 Bedrooms | $465K | $439.5K | -5.5% |
| 4 Bedrooms | $626K | $620K | -1.0% |
| 5+ Bedrooms | $550K | $950K | +72.7% |
Summary: Englewood housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.1%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 72.7%.
Median Sold Price Compared To Nearby Cities
| Englewood | $369.9K | $375K | +1.4% |
| Venice | $474K | $456.7K | -3.7% |
Housing Supply in Englewood, FL
How many homes are available in Englewood, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 603 | 626 | +3.8% |
Summary: The Englewood real estate market had 626 homes for sale in August 2024, a 3.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 12 | +100.0% |
| 2 Bedrooms | 281 | 282 | 0.4% |
| 3 Bedrooms | 255 | 265 | +3.9% |
| 4 Bedrooms | 46 | 46 | 0.0% |
| 5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The Englewood housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 80 | 76 | -5.0% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Englewood, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 76 homes were sold or pending in Englewood in August 2024, down by 5.0% month-over-month. Of the 76 sold homes, 75% were sold under asking, 18% were sold at asking, and 7% were sold over asking.
Days on Market for Englewood, FL
How long does it take to sell a home in Englewood, FL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 46 Days | 90 Days | +95.6% |
Summary: Homes in Englewood had an average of 90 days on market in Aug 2024, up by 95.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Englewood are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During August 2024, 76 homes were sold in Englewood; 36% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
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