55+ Communities Condos Market Overview
55+ Communities Condos Market Highlights
As of May 5, 2025, the condos/townhomes/patio homes market in 55+ Communities reflects a mix of evolving dynamics.
- Over the past month, the number of active listings has slightly decreased to 8, down from 9 three months ago.
- The average days on market (DOM) for these active listings stands at 134 days, which is higher than the 122 days observed three months ago, indicating a slowing sales pace.
- The months of inventory are currently at 4.0 months, pointing to a more balanced market where supply and demand are closely aligned.
Curious how the 55+ Communities Condos market has changed over time?
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55+ Communities Condos Market Report
An In-Depth Look at the 55+ Communities Condos Market
The market for condos/townhomes/patio homes in 55+ Communities, as of May 5, 2025, presents several noteworthy trends. Currently, the number of active listings has seen a minor decline, with 8 homes available for purchase compared to 9 three months prior. This slight drop indicates a relatively stable supply, but when coupled with an increase in the average DOM to 134 days, we observe a trend pointing towards a slower-moving market.
In more granular terms, the current months of inventory at 4.0 months suggests that there is a sufficient balance between seller offerings and buyer interest. This balance reflects a market that isn't overly favoring either buyers or sellers, but one where negotiation power is relatively anchored.
From a pricing perspective, the average price of active listings currently is around $354,367, down from an average of $360,000 three months ago. The average price per square foot has also seen a slight decline to $243 compared to $247 previously, which may indicate adjustments sellers are making to remain competitive. Furthermore, comparing average sold listings reveals they have settled at $326,667, a decrease from $305,000 just nine months ago, suggesting a positive trend where sold prices are catching up and perhaps even surpassing earlier expectations.
Interestingly, the number of pending listings shows some resilience, maintaining a consistent average price of $414,800 with a DOM of 74 days, signifying that once the properties go under contract, they still attract decent interest at higher price points. This could potentially point to a lag between initial listing prices versus realistic sale prices.
As we look towards possible strategies for prospective buyers and sellers, it's evident that while inventory is stable, the increment in DOM indicates it may be more beneficial for sellers to price their homes strategically to avoid prolonged stays on the market. For buyers, this presents an opportunity to negotiate better terms, especially with a notable percentage of sellers willing to engage in discussions around price adjustments to incentivize sales. Ultimately, engaging a knowledgeable realtor will be crucial in navigating this nuanced market landscape.
Brian Adamski, Realtor
Proven Results in 55+ Communities | Turning Uncertainty into Peace of Mind
480-405-1265
