Is Deltona Lakes, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deltona Lakes is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Deltona Lakes has remained a Seller's Market.

Key Takeaway

Deltona Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Deltona Lakes, FL

How much do homes in Deltona Lakes, FL cost?

Median Sold Price

$309,456

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,403(+3.1%)

Key Takeaway

Homes in Deltona Lakes have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Deltona Lakes was $309,456 in March 2024, up 3.1% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $163.9K$127K
-22.5%
2 $232K$244.4K
+5.4%
3 $300K$305K
+1.7%
4 $352.7K$363.9K
+3.2%
5+ $407.1K$400K
-1.7%

Summary: Deltona Lakes housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 1.7%.

Housing Supply in Deltona Lakes, FL

How many homes are available in Deltona Lakes, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
437483+10.5%

Summary: The Deltona Lakes real estate market had 483 homes for sale in March 2024, a 10.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 21
-50.0%
2 5751
-10.5%
3 267311
+16.5%
4 97103
+6.2%
5+ 1417
+21.4%

Summary: The Deltona Lakes housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
81106+30.9%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deltona Lakes, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 106 homes were sold or pending in Deltona Lakes in March 2024, up by 30.9% month-over-month. Of the 106 sold homes, 46% were sold under asking, 33% were sold at asking, and 21% were sold over asking.

Days on Market for Deltona Lakes, FL

How long does it take to sell a home in Deltona Lakes, FL?

Average Sale Time

Mar 2023Mar 2024CHANGE
50 Days40 Days-19.0%

Summary: Homes in Deltona Lakes had an average of 40 days on market in Mar 2024, down by 19% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Deltona Lakes are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 106 homes were sold in Deltona Lakes; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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