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 — here, the price you set decides your outcome.
$399,000 · $184/sq ft
What a typical resale home sells for today
16 vs 175 days on market
Priced right sells fast; overpriced sits far longer
−10.3%
Resale value per sq ft off its 2025 peak — price to today, not the peak
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. On a per-square-foot basis, resale value is about 10.3% below its 2025 peak (still up about 13% since 2021). The reward for pricing right is clear: over the past 12 months, homes priced correctly from day one sold in a median of 16 days at 96.2% of asking, while the overpriced-then-cut homes sat 175 days and gave up a median of $34,900 from their first price. Price to the resale data, not to a hopeful number.
Prepared October 1, 2026 Single-family homes · resale 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. On a per-square-foot basis, resale values are about 10.3% below the 2025 peak (still up about 13% since 2021). That makes pricing to today’s market everything.
$399,000.00
Median resale price last 12 months
$183.57
Resale price paid per living sq ft (12 mo.)
95%
Of original asking price — what sellers ultimately got
16 days
Median market time when priced right from day one
6 / 2 / 15
Homes for sale / under contract / resales sold in 12 months
1 in 8
Listings in the current cycle that never sold at all
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 resale home sold near $399,000.00 ($184 a foot) over the past year. 6 homes are for sale against 2 under contract, and 5 of them have already reduced price.
Long term the community has held up — resale value per square foot is about 10.3% below its 2025 peak (still up about 13% since 2021). But the discipline that sells a home here is pricing to the resale record, and that record is lopsided:
✓ Priced right from day one — 12 homes
Median time to contract16 days
Got of original asking price96.2%
Median given up from first price$17,250.00
✗ Overpriced, then cut — 3 homes
Median time to contract175 days
Got of original asking price90.8%
Median given up from first price$34,900.00
The 15 resale closings of the past 12 months (new construction excluded). "Priced right" = sold with no price reduction; "overpriced" = reduced at least once before selling.
⚠ A note on new construction: about 8% of sales here are newly built homes, priced off a builder’s cost sheet rather than the resale market. Pricing your home to a new build is the fastest way to overprice — every figure here is resale-only.
What This Means for Your Pricing
Price to the sold data, not a hopeful number. On value per square foot, the market is about 10.3% below its 2025 peak. The homes that clear are the ones priced to the last 12 months of resale comps.
Overpricing is expensive. The overpriced-then-cut sellers waited far longer and gave up a median of $34,900.00 from first price to close.
Take every serious offer seriously. Only about 15 resale buyers closed here in the past year — in a market this size, the first strong offer is often the best you’ll see.
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: a home’s median price swings on which sizes happen to sell, while price-per-foot shows the real change in value.
Resale Values, by the Year
Year
Sold
Median Price
$/SqFt
DOM
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 $/SqFt column isolates real value change from which sizes happened to sell.
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). Anchoring to the peak is the most expensive mistake a seller can make here.
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 the failed listings sat before the sellers gave up
Not every listing sells. In the current cycle, about 1 in 8 listings here ended without a sale. In a market this size, overpricing doesn’t just slow a sale — it can kill it, and a long market history invites a harder negotiation.
Long-run perspective: resale value per square foot is up about 13% since 2021. Priced to today’s market — not the peak — your home has real equity and the data on its side.