Is Homestead 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, Homestead Lakes was a Seller's Market.
Key Takeaway
Homestead Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Homestead Lakes, FL
How much do homes in Homestead Lakes, FL cost?
Median Sold Price
$394,780
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Homestead Lakes have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Homestead Lakes was $394,780 in April 2024, up 8.2% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173K | $208K | +20.2% |
| 2 Bedrooms | $220K | $249K | +13.2% |
| 3 Bedrooms | $360K | $390.3K | +8.4% |
| 4 Bedrooms | $478K | $525K | +9.8% |
| 5+ Bedrooms | $547K | $559K | +2.2% |
Summary: Homestead Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 2.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Palm Breeze at Keys Gate | $257K | $290K | +12.8% |
| Homestead Lakes | $365K | $394.7K | +8.2% |
| Towngate Arbor Park | $265K | $261K | -1.5% |
Housing Supply in Homestead Lakes, FL
How many homes are available in Homestead Lakes, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 342 | 369 | +7.9% |
Summary: The Homestead Lakes real estate market had 369 homes for sale in April 2024, a 7.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 51 | 59 | +15.7% |
| 3 Bedrooms | 185 | 193 | +4.3% |
| 4 Bedrooms | 84 | 96 | +14.3% |
| 5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Homestead Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 31 | -13.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homestead Lakes, you may be able to get a good deal. 48.4% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Homestead Lakes in April 2024, down by 13.9% month-over-month. Of the 31 sold homes, 48% were sold under asking, 29% were sold at asking, and 23% were sold over asking.
Days on Market for Homestead Lakes, FL
How long does it take to sell a home in Homestead Lakes, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 51 Days | +12.1% |
Summary: Homes in Homestead Lakes had an average of 51 days on market in Apr 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Homestead Lakes are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Homestead Lakes; 65% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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