Is Fruitland Park-Lady Lake, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fruitland Park-Lady Lake is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Fruitland Park-Lady Lake was a Seller's Market.

Key Takeaway

Fruitland Park-Lady 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 Fruitland Park-Lady Lake, FL

How much do homes in Fruitland Park-Lady Lake, FL cost?

Median Sold Price

$313,666

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,667(+4.6%)

Key Takeaway

Homes in Fruitland Park-Lady Lake have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Fruitland Park-Lady Lake was $313,666 in September 2024, up 4.6% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$215K
N/A
2 $248K$230K
-7.3%
3 $325K$342.7K
+5.4%
4 $387.5K$389.9K
+0.6%
5+ $459.9K$544K
+18.3%

Summary: Fruitland Park-Lady Lake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 18.3%.

Median Sold Price Compared To Nearby Cities

Weirsdale
+21.0%
Fruitland Park-Lady Lake
+4.6%
Lady Lake
+3.2%
The Villages
0%
Fruitland Park
-0.2%

Housing Supply in Fruitland Park-Lady Lake, FL

How many homes are available in Fruitland Park-Lady Lake, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
213231+8.5%

Summary: The Fruitland Park-Lady Lake real estate market had 231 homes for sale in September 2024, a 8.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 4755
+17.0%
3 126135
+7.1%
4 3332
-3.0%
5+ 79
+28.6%

Summary: The Fruitland Park-Lady Lake housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2834+21.4%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fruitland Park-Lady Lake, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Fruitland Park-Lady Lake in September 2024, up by 21.4% month-over-month. Of the 34 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.

Days on Market for Fruitland Park-Lady Lake, FL

How long does it take to sell a home in Fruitland Park-Lady Lake, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
45 Days65 Days+44.1%

Summary: Homes in Fruitland Park-Lady Lake had an average of 65 days on market in Sep 2024, up by 44.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fruitland Park-Lady Lake has remained consistent over time.

Summary: During September 2024, 34 homes were sold in Fruitland Park-Lady Lake; 26% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 21% 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 30 Days Ago

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