APRIL 2025 Real Estate Transactions
Data pulled from GTAR MLS as of 5/5/25 for the Plant City market area.
Mortgage Data from Freddiemac.com
Local April 2025 sales and trend information courtesy of The Crawford Group.
Listen, Listen, Listen … to your Realtor’s advice on value. No, we don’t have an exact crystal ball for valuations, but one thing for sure is that if you start your home value too high, it will sit there in today’s market. The seller’s perceived value: where does it come from? Well, I want this amount or zestimates says this amount, or I just had an appraisal done and it says it’s worth (x), or my neighbor sold their home for (y) and my home is much nicer.
1, “I want to get this amount” – if their value is unrealistic, out of the given range that a Realtor® comes up with, I would expect any seasoned real estate agent to pass on listing, saying I’m in the business of selling homes, not listing them.
2. “Zestimates” – the major flaw in these, the algorithm overemphasizes the listing price versus the actual net selling price. Although it’s generally considered a useful starting tool for the public, an experienced Realtor® will look into the local sold data to create a value range.
3. “I had an appraisal done” – this should be a viable opinion in value, but just remember that many parameters come into play in a private use appraisal and a Buyer’s lender appraisal, not the same.
4. “My neighbor’s home sold for” – although it may be a comparative to assessing value, the neighbor’s home might be larger SF, newer construction, additional rooms or baths, roof may have just been replaced, etc.
The truth is the real estate transaction will become even more important to have representation by a qualified Realtor®. All these things come into the process of calculating the value of one’s home, and the Realtor® is the one factor which is marketing/selling your home.
As we look at the Plant City housing data, April 2025, our market area had 112 homes sell, with new construction contributing around 49% of the units sold this month. This is a similar start to the year as last year. We had another 160 under contract and 288 available for sale. We are carrying about a 2.97 month’s supply housing inventory and our average days on market remains about 46 days.
In April 2025, the average sold price was $355,026, which decreased 5.2% versus last month, and the average price sold per SF was $192.67, down slightly 0.7% compared to last month. As we move into more of the selling season, all things look stable and property values will stay relatively flat within our current market but if the mortgage rates drop ½ to 1 percentage points, the buyers will come out in force, increasing the demand on the housing supply and prices will move upwards with the increased demand.
The 30-year fixed-rate mortgage continues to flex, moving down slightly the first two weeks, then back up, April averaged 6.73%, up from March average of 6.55%. We are anticipating the start of the Fed rate cuts this summer. They have indicated that they may have four FED rates cuts this coming year, which will help the rate continue its reduction to lower levels. 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.
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 April 2025 for the Plant City Market Area.
The home at 8906 Turkey Creek Rd sold April 28 for $95,000. Built in 1987, it has 3 bedrooms, 2 bath and 1536 square feet of living area.
The home at 1011 N Willis St sold April 9 for $155,000. Built in 1936 it has 4 bedrooms, 3 bath and 1668 square feet of living area.
The home at 4994 Nesmith Rd sold April 4 for $200,000. Built in 1998 it has 4 bedrooms, 2 bath and 2052 square feet of living area.
The home at 607 Tyner St sold April 18 for $238,500. Built in 1995, it has 3 bedrooms, 2 bath and 1142 square feet of living area.
The home at 1610 Hughes Dr sold April 10 for $275,000. Built in 1975, it has 3 bedrooms, 2 bath and 1115 square feet of living area.
The home at 2719 Walden Town Cir sold April 21 for $289,360. Built in 2024, it has 3 bedrooms, 2.5 bath and 1713 square feet of living area.
The home at 3957 Northern Key Dr sold April 25 for $309,990. Built in 2025, it has 3 bedrooms, 2 bath and 1461 square feet of living area.
The home at 7055 Durant Rd sold April 30 for $325,000. Built in 1971, it has 3 bedrooms, 1 bath and 1320 square feet of living area.
The home 4001 Northern Key Dr sold April 29 for $364,900. Built in 2025, it has 5 bedrooms, 2.5 bath and 2389 square feet of living area.
The home at 4119 Longfellow Dr sold April 2 for $385,000. Built in 1989, it has 3 bedrooms, 2.5 bath and 1616 square feet of living area.
The home at 3637 Forest Path Dr sold April 16 for $424,900. Built in 2025, it has 6 bedrooms, 3 bath and 3092 square feet of living area.
The home at 1402 N Gordon St sold April 25 for $480,000. Built in 1906, it has 3 bedrooms, 2 bath and 2884 square feet of living area.
The home at 4713 Ever Lasting Trl sold April 25 for $560,000. Built in 2005, it has 4 bedrooms, 2 bath and 1869 square feet of living area.
The home at 1315 Cowart Rd sold April 3 for $785,000. Built in 2001, it has 6 bedrooms, 3 bath and 3190 square feet of living area.
The home at 3717 Quail Nesting Pl sold April 1 for $1,025,000. Built in 2005, it has 4 bedrooms, 5 bath and 3854 square feet of living area.
