Heathwood’s real estate market is currently experiencing a period of steady growth, with a 4.2% increase in median house prices over the last year, bringing the median value to $900,000. This consistent upward trend, coupled with a relatively short median time on the market of 17 days, suggests a healthy demand for properties in the area. The significant jump in prices since 2020, when the median house price was $595,000, further underscores the market’s potential for solid returns on investment.
However, the decision to sell in Heathwood isn’t as straightforward as the numbers might suggest. While demand is evident, it’s crucial to consider the buyer demographic. With 73% of buyers being owners and 61% of households consisting of families, the market seems to be dominated by established homeowners and families looking to upgrade or relocate. This could mean that first-time buyers or investors seeking rental properties might face more competition and potentially higher prices.
Heathwood Population
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