Dunedin, FL 34698 Real Estate Market Report

ZIP Code: 34698
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. median sold price: $500,000 is the primary indicator of market value and recent transaction activity in 34698; the notable gap versus the median listing price: $614,900 may indicate pricing friction or seller optimism and wider ask-to-sale spread that buyers can leverage in negotiations.

2. median days on market: 205 signals slower sales velocity and reduced transaction tempo, which may indicate extended time to convert listings into closed sales and creates more room for buyer concessions.

3. median price per square foot: $159 combined with a median market rent: $2,100 and the reported rent year-over-year trend of down suggests rental demand is weakening even as price-per-sqft remains a reference for valuation.

4. market temperature: neutral paired with interest rate pressure: elevated suggests a more balanced market overall but with elevated financing constraints that could sustain buyer caution and modestly favor negotiation leverage for purchasers.

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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.

Dunedin, FL 34698 Real Estate Market Report

ZIP Code: 34698
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The neighborhood's primary indicator of market value is the median sold price 195,500, which represents the most reliable signal of recent transaction activity and should be the focal point for valuation and offer strategy.

2. There is a notable gap between the median listing price 218,950 and the median sold price 195,500, which may indicate pricing friction and suggests sellers' expectations remain above recent transaction levels; buyers may be able to negotiate toward realized market value.

3. Market velocity appears slow with a median days on market of 300, which suggests softening near-term liquidity and may increase buyer leverage on terms and contingencies.

4. Macro and rental signals provide contextual constraints: price year-over-year trend is flat, market temperature is neutral, rent year-over-year trend is down, and interest rate pressure is elevated; together these factors suggest a stabilizing market with caution for investment purchases and underwriting.

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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.