Is Bannon Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bannon Lakes was a Seller's Market.
Key Takeaway
Bannon Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bannon Lakes, FL
How much do homes in Bannon Lakes, FL cost?
Median Sold Price
$467,170
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bannon Lakes have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Bannon Lakes was $467,170 in April 2024, down 3.7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $390K | $363K | -6.9% |
| 3 Bedrooms | $424.9K | $452.4K | +6.5% |
| 4 Bedrooms | $479.9K | $454.6K | -5.3% |
| 5+ Bedrooms | $618.4K | $622.4K | +0.6% |
Summary: Bannon Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
| World Golf Village | $444.5K | $459.2K | +3.3% |
| Bannon Lakes | $484.9K | $467.1K | -3.7% |
Housing Supply in Bannon Lakes, FL
How many homes are available in Bannon Lakes, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Summary: The Bannon Lakes real estate market had 23 homes for sale in April 2024, a 27.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Bannon Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bannon Lakes, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Bannon Lakes in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Bannon Lakes, FL
How long does it take to sell a home in Bannon Lakes, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 24 Days | -54.2% |
Summary: Homes in Bannon Lakes had an average of 24 days on market in Apr 2024, down by 54.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bannon Lakes are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Bannon Lakes; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
