Is Eagle Lake, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Eagle Lake was a Seller's Market.
Key Takeaway
Eagle Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Eagle Lake, FL
How much do homes in Eagle Lake, FL cost?
Median Sold Price
$312,495
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eagle Lake have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Eagle Lake was $312,495 in March 2024, up 1.1% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $310K | +72.2% |
| 3 Bedrooms | $294K | $291.5K | -0.9% |
| 4 Bedrooms | $315.9K | $315.4K | -0.2% |
| 5+ Bedrooms | $354.9K | $358.7K | +1.1% |
Summary: Eagle Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 72.2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Eagle Lake | $309K | $312.4K | +1.1% |
| Winter Haven-Auburndale | $300K | $300K | 0.0% |
Housing Supply in Eagle Lake, FL
How many homes are available in Eagle Lake, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 35 | +29.6% |
Summary: The Eagle Lake real estate market had 35 homes for sale in March 2024, a 29.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Eagle Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Eagle Lake, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Eagle Lake in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Eagle Lake, FL
How long does it take to sell a home in Eagle Lake, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 89 Days | +36.1% |
Summary: Homes in Eagle Lake had an average of 89 days on market in Mar 2024, up by 36.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Eagle Lake are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Eagle Lake; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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