Is Kendale 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, Kendale Lakes was a Seller's Market.
Key Takeaway
Kendale Lakes 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 Kendale Lakes, FL
How much do homes in Kendale Lakes, FL cost?
Median Sold Price
$429,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kendale Lakes have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Kendale Lakes was $429,000 in April 2024, up 7.1% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $193.4K | $214K | +10.6% |
| 2 Bedrooms | $310K | $347.5K | +12.1% |
| 3 Bedrooms | $410K | $440K | +7.3% |
| 4 Bedrooms | $615K | $715K | +16.3% |
| 5+ Bedrooms | $900K | $1.3M | +49.4% |
Summary: Kendale Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 49.4%.
Housing Supply in Kendale Lakes, FL
How many homes are available in Kendale Lakes, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 142 | 136 | -4.2% |
Summary: The Kendale Lakes real estate market had 136 homes for sale in April 2024, a 4.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 46 | 52 | +13.0% |
| 3 Bedrooms | 60 | 54 | -10.0% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Kendale Lakes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 22 | -42.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kendale Lakes, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Kendale Lakes in April 2024, down by 42.1% month-over-month. Of the 22 sold homes, 55% were sold under asking, 32% were sold at asking, and 14% were sold over asking.
Days on Market for Kendale Lakes, FL
How long does it take to sell a home in Kendale Lakes, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 40 Days | -1.3% |
Summary: Homes in Kendale Lakes had an average of 40 days on market in Apr 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kendale Lakes are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Kendale Lakes; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.