Dunedin, FL 34698 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The primary indicator of market value is the median sold price of 394,000, which reflects recent transaction activity and suggests that seller expectations should be calibrated to actual closed-sales levels given the notable gap versus the median listing price of 660,000; this spread may indicate pricing friction and suggests sellers may need to adjust to achieve timely closings.
2. With a median days on market of 216, the market is showing slower sales velocity, which may indicate longer marketing times and greater buyer negotiating leverage despite the analyzed sample showing relatively constrained active supply.
3. Price momentum is neutral: the price year-over-year trend is flat and the market temperature is neutral, signaling a balanced market where incremental pricing and presentation improvements may produce outsized listing performance; treat new listings with prudent pricing rather than aggressive markups.
4. Rents are trending down while interest rate pressure is elevated, a combination that may reduce investor appetite and increase buyer sensitivity to carrying costs—consider emphasizing affordability, longer marketing windows, and flexible financing contingencies to maintain demand under current conditions.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.