Is Fountain Parke at 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, Fountain Parke at Lake Mary has remained a Seller's Market.
Key Takeaway
Fountain Parke at Lake Mary is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fountain Parke at Lake Mary, FL
How much do homes in Fountain Parke at Lake Mary, FL cost?
Median Sold Price
$487,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fountain Parke at Lake Mary have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Fountain Parke at Lake Mary was $487,500 in April 2024, up 8.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $427.5K | $473.5K | +10.8% |
| 4 Bedrooms | $450K | $487.5K | +8.3% |
| 5+ Bedrooms | $740K | - | N/A |
Summary: Fountain Parke at Lake Mary 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 did not change, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes did not change.
Housing Supply in Fountain Parke at Lake Mary, FL
How many homes are available in Fountain Parke at Lake Mary, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Fountain Parke at Lake Mary real estate market had 22 homes for sale in April 2024, a 22.2% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fountain Parke at Lake Mary 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fountain Parke at Lake Mary, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Fountain Parke at Lake Mary in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Fountain Parke at Lake Mary, FL
How long does it take to sell a home in Fountain Parke at Lake Mary, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 70 Days | 116 Days | +66.1% |
Summary: Homes in Fountain Parke at Lake Mary had an average of 116 days on market in Apr 2024, up by 66.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fountain Parke at Lake Mary are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Fountain Parke at Lake Mary; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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