Is Lake Mary, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake Mary has remained a Seller's Market.
Housing Prices in Lake Mary, FL
How much do homes in Lake Mary, FL cost?
Median Sold Price
$465,375
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Mary was $465,375 in April 2024, down 3% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167K | $168.5K | +0.9% |
2 Bedrooms | $280K | $260K | -7.1% |
3 Bedrooms | $430K | $425K | -1.2% |
4 Bedrooms | $545K | $625K | +14.7% |
5+ Bedrooms | $909.5K | $950K | +4.5% |
Summary: Lake Mary housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
Sanford | $329.5K | $359.6K | +9.1% |
Casselberry-Altamonte Springs | $354.5K | $368.6K | +4.0% |
Lake Mary | $480K | $465.3K | -3.0% |
Housing Supply in Lake Mary, FL
How many homes are available in Lake Mary, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
199 | 220 | +10.6% |
Summary: The Lake Mary real estate market had 220 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 27 | 31 | +14.8% |
3 Bedrooms | 61 | 70 | +14.8% |
4 Bedrooms | 75 | 81 | +8.0% |
5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The Lake Mary housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 47 | +30.6% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Lake Mary in April 2024, up by 30.6% month-over-month. Of the 47 sold homes, 60% were sold under asking, 28% were sold at asking, and 13% were sold over asking.
Days on Market for Lake Mary, FL
How long does it take to sell a home in Lake Mary, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 37 Days | +21.9% |
Summary: Homes in Lake Mary had an average of 37 days on market in Apr 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 47 homes were sold in Lake Mary; 64% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.