Last month, 83 properties sold at an average price of $273,911, or $151.80 per square foot. The highest price paid for any home during the month was $590,000 and homes were on the market for an average of fewer than 19 days before contract. More than 70 percent of homes sold in February went for at least $250,000.
Mitchell Crawford, of the Crawford Group, said the average selling price per square foot increased 32 percent since February 2019, when 68 Plant City-area homes sold at an average of $115.20 per square foot.
“Plant City is known for its trains and this real estate train is still chugging along to new highs,” Crawford said. “Mortgage rates have risen slightly, and the lower housing inventory does not seem to stall the sales numbers. We are seeing multiple buyer offers for homes priced well. This continues to be a seller’s market, but there are inherit risks to these increases. Will the home appraise for the purchase price? Will the transaction fall apart? This is paramount for both parties to have an experienced Realtor handling the transaction on their behalf. There are many options to keep the deal from falling apart. All that said, the market is still moving forward.”
February 2021 Sales Snapshot
The following properties were a sample listed as sold on the Greater Tampa Realtors Association MLS in February 2021.
The home at 510 W. Dixie St. sold February 16 for $143,900. Built in 2004, it has three bedrooms, one bath and 912 square feet of living area.
The home at 1106 E. Young St. sold February 5 for $162,500. Built in 1976, it has three bedrooms, two baths and 1,648 square feet of living area.
The home at 1907 Linda St. sold February 26 for $170,000. Built in 1959, it has three bedrooms, one bath and 958 square feet of living area.
The home at 2227 Bruton Road sold February 9 for $175,000. Built in 2006 it has three bedrooms, two baths and 1,783 square feet of living area.
The home at 3938 Creek Woods Drive sold February 5 for $217,500. Built in 1995, it has three bedrooms, two baths and 1,200 square feet of living area.
The home at 1204 E. Cherry St. sold February 26 for $245,000. Built in 1979, it has three bedrooms, two baths and 1,386 square feet of living area.
The home at 4203 Thonotosassa Road sold February 10 for $258,000. Built in 1956, it has three bedrooms, one bath and 1,550 square feet of living area.
The home at 1806 Johnson Pointe Drive sold February 23 for $270,490. Built in 2020, it has four bedrooms, two baths and 1,828 square feet of living area.
The home at 3331 Michener Place sold February 22 for $280,000. Built in 1998, it has four bedrooms, two baths and 1,836 square feet of living area.
The home at 4725 Bloom Drive sold February 19 for $299,999. Built in 1997, it has four bedrooms, two and a half baths and 2,177 square feet of living area.
The home at 7117 Pierce Harwell Road sold February 23 for $308,000. Built in 1986, it has three bedrooms, two baths and 2,000 square feet of living area.
The home at 2607 Bridle Drive sold February 19 for $330,000. Built in 1986, it has four bedrooms, two baths and 2,017 square feet of living area.
The home at 2662 Charlie Taylor Road sold February 8 for $363,500. Built in 1995, it has three bedrooms, two baths and 2,042 square feet of living area.
The home at 6000 Glen Harwell Road sold February 12 for $425,000. Built in 2001, it has three bedrooms, two baths and 2,416 square feet of living area.
The home at 1101 Mendonsa Road sold February 12 for $590,000. Built in 1975, it has six bedrooms, four baths and 4,334 square feet of living area.