February 2025 Real Estate Transactions
Data pulled from GTAR MLS as of 3/4/25 for the Plant City market area.
Mortgage Data from Freddiemac.com
Local FEBRUARY 2025 sales and trend information courtesy of The Crawford Group.
Traffic back to normal … well in some areas of town. The Strawberry Festival has concluded another successful event in our community. One of the many reasons our residents love this town, and others want to move here. Our festival brings people from all over the state and country to experience our little slice of heaven and the extreme community involvement. In real estate terms, people move to be near family, friends and lifestyle. Our community provides that to so many who have already made Plant City their home and many more wishing to find a home here too.
As we look at the Plant City housing data, February 2025, our market area had 99 homes sell, with new construction contributing around 50% of the units sold this month. This is a similar start to the year as last year. We had another 145 under contract and 275 available for sale. We are carrying about a 2.8 month’s supply housing inventory and our average days on market remained about 48 days primarily due to the holidays.
In February 2025, the average sold price was $366,381, which slightly increased 2.5% versus last month and the average price sold per SF was $189.18 down 3.3% compared to last month. These numbers are stable looking at year over years and previous month’s numbers.
The 30-year fixed-rate mortgage decreased this week to their lowest level in two months, now averaging 6.76%. The drop in mortgage rates, combined with modestly improving inventory levels, is an encouraging sign for consumers in the market to purchase a home. While higher mortgage rates tend to slow the buyer’s demand the trend is moving in the right direction.
As an individual who has seen many yearly changes in those rates, our current rates are not extraordinarily high and actually give the buyer a slight advantage to receive concessions from a seller. Yes, everyone would like to secure lower rates, but there are repercussions to them. Sub 4-5% and we are back in a spiraling escalating seller’s market, higher inflation, etc. The most consistent parameter is the supply / demand model, as our inventory levels get closer to the 3-6 months supply, the more stable our pricing model becomes, and mortgage rates will decline as a result.
Pricing has become the most important component in the equation to get your home under contract and closed. In the current environment, pricing higher to provide room for negotiations will not only fail you but extend the days on market even longer, thus becoming a more common stale home. Pricing it aggressively will provide multiple offer situations to choose from.
All these data points have either a direct or indirect correlation to the overall housing supply/demand pricing model. Ultimately, the real estate process is one of the most significant financial transactions most people will ever experience.
As always, I cannot express enough this importance, if you are in the market to buy or sell your home, please seek an experienced professional Realtor® to assist you in this transaction process. It’s important to trust this journey to someone who is not only qualified but also fully committed to your success. The changing market requires a Realtor® who has the expertise, resources, and dedication to guide you every step of the way.
Get the real scoop on our market. If you have any questions, want a market value analysis of your home, or see what’s available to purchase, please reach out.
M Crawford
Crawford Group
Sales Snapshot
The following residential properties were a sample listed as sold on the Greater Tampa Realtors Association MLS in February 2025 for the Plant City Market Area.
The home at 2008 Sammonds Rd sold February 14 for $130,000. Built in 1955, it has 2 bedrooms, 1 bath and 736 square feet of living area.
The home at 3208 N Frontage Rd sold February 7 for $220,000. Built in 1955 it has 2 bedrooms, 1 bath and 1152 square feet of living area.
The home at 703 Brown St sold February 13 for $275,000. Built in 1991 it has 3 bedrooms, 2 bath and 1032 square feet of living area.
The home at 2609 Highland Ave sold February 27 for $295,000. Built in 1960, it has 3 bedrooms, 1 bath and 1284 square feet of living area.
The home at 3759 Capital Reserve Dr sold February 12 for $319,900. Built in 2024, it has 3 bedrooms, 2 bath and 1556 square feet of living area.
The home at 4716 Charleston Ave sold February 24 for $330,900. Built in 2008, it has 3 bedrooms, 2 bath and 2052 square feet of living area.
The home at 4043 Radiant Mountain Dr sold February 11 for $349,900. Built in 2024, it has 5 bedrooms, 2.5 bath and 2215 square feet of living area.
The home at 604 Sandalwood Dr sold February 12 for $366,000. Built in 1977, it has 3 bedrooms, 2 bath and 1624 square feet of living area.
The home 3505 San Moise PL sold February 28 for $385,000. Built in 2016, it has 5 bedrooms, 2.5 bath and 2807 square feet of living area.
The home at 3763 Capital Reserve Dr sold February 26 for $410,900. Built in 2025, it has 6 bedrooms, 3 bath and 3092 square feet of living area.
The home at 701 N Warnell St sold February 18 for $422,000. Built in 1926, it has 4 bedrooms, 3 bath and 2915 square feet of living area.
The home at 2929 Spring Hammock Dr sold February 6 for $535,000. Built in 2000, it has 4 bedrooms, 2 bath and 2190 square feet of living area.
The home at 5704 W Farkas Rd sold February 14 for $690,000. Built in 1977, it has 4 bedrooms, 3 bath and 2527 square feet of living area.
The home at 4823 Miley Rd sold February 7 for $700,000. Built in 1992, it has 5 bedrooms, 3 bath and 3208 square feet of living area.
The home at 4807 Booth Rd sold February 28 for $840,000. Built in 1979, it has 5 bedrooms, 3.5 bath and 4518 square feet of living area.
