One of the Villages of Citrus Hills · one-acre wooded homesites west of Jill Street, under the Citrus Hills POA
Prepared October 1, 2026 · Resale single-family homes
BALANCED MARKET
4.0 months of homes for sale — balanced and tightening, with real room to negotiate on the homes that have sat.
$399,000 · $184/sq ft
What a typical existing home costs today
95%
Of original ask is what sellers got — the typical home sold $25,000 under its first price
−10.3%
Resale value per sq ft off its 2025 peak — a genuine correction in your favor
The Bottom Line
Emerald Estates has tightened to the edge of a seller’s market — still balanced, with about 4.0 months of inventory, down from 5.6 in August. Recent buyers paid a median of 95% of original ask, and the overpriced listings are still your leverage — over the past 12 months, homes that started too high sat a median of 175 days and still sold about $34,900 under their first price. On value per square foot, resale value is about 10.3% below its 2025 peak (still up about 13% since 2021).
Prepared October 1, 2026 Single-family homes 105 listings analyzed · 2021–2026
BALANCED MARKET
With about 4.0 months of homes for sale, Emerald Estates is balanced and tightening — yet 5 of the 6 homes for sale have already cut their price. Recent buyers paid a median of 95% of original ask, and value per square foot is about 10.3% below its 2025 peak. That is real negotiating leverage on anything that has sat.
$399,000.00
Median resale price last 12 months
$183.57
Resale price paid per living sq ft (12 mo.)
36 days
Median time on market before going under contract
95%
Of original asking price — what sellers actually got
$25,000.00
Median drop from first asking price to sold price
6 / 2 / 15
For sale now / under contract / resales closed in 12 months
What’s Really Happening Here
Emerald Estates is one of the Villages of Citrus Hills, on one-acre wooded homesites in the community's southwest corner and governed by the Citrus Hills POA — some homes carry a deeded social membership with Golf & Country Club access. The typical existing home sold near $399,000.00 over the past year, and with about 4.0 months of supply the market has tightened: 6 homes are for sale against 2 under contract, and 5 have already cut price.
New construction is minimal here (about 8% of sales), so this is essentially an all-resale market — what matters is how far values have moved and where the overpriced listings sit.
What This Means for Your Offer
Asking price is a starting point, not a verdict. Recent buyers paid a median of 95% of the original ask, and the typical home sold about $25,000.00 under its first number.
The overpriced listings are your leverage. Over the past 12 months, homes that started too high and cut their price sat a median of 175 days and still sold about $34,900.00 under their first ask. A home that’s been sitting is a negotiation waiting to happen.
Judge value in price per square foot. Where a home lands against the $184 resale median tells us what it’s really worth before we write.
Emerald Estates · The Numbers Behind the Story · Resale Homes
Resale Value Per Square Foot, by the Year — What the Market Actually Did
Median resale value per square foot by calendar year (2026 is year-to-date through September). We chart per-foot value, not median price — because median price swings on which sizes sell, while price-per-foot shows the real trend, and where your negotiating room sits.
Resale Values, by the Year
Year
Sold
Median Price
$/SqFt
DOM
At/over ask
2021
11
319,000.00
$167.07
7
73%
2022
15
380,000.00
$181.61
18
47%
2023
10
395,000.00
$191.20
60
20%
2024
14
395,000.00
$179.53
74
7%
2025
8
339,950.00
$210.72
38
12%
2026 YTD
14
406,950.00
$189.06
38
14%
Resale homes only; full calendar years with 2026 as year-to-date through September.
The Peak Test: on resale value per square foot, Emerald Estates is about 10.3% below its 2025 peak (still up about 13% since 2021). A cool-down you buy into, not a market you chase upward.
The Number Nobody Shows You
1 in 8
listings in the current cycle left the market unsold (2 of 16 — expired, withdrawn, or canceled)
260 days
how long those failed listings sat before the sellers gave up
Two ways that helps you. First, a seller whose home has sat for months is a negotiation waiting to happen. Second, those expired and withdrawn homes are inventory the portals no longer show — the owners still want to sell, and we can approach them directly for you.
Long-run perspective: resale value per square foot is up about 13% since 2021. You’re buying into a proven community with the negotiating room this market gives you.