Is Lady Lake, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lady Lake has remained a Seller's Market.
Housing Prices in Lady Lake, FL
How much do homes in Lady Lake, FL cost?
Median Sold Price
$305,142
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lady Lake was $305,142 in March 2024, down 4.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $218.5K | N/A |
2 Bedrooms | $299K | $261.3K | -12.6% |
3 Bedrooms | $369K | $355K | -3.8% |
4 Bedrooms | $340K | $377.5K | +11.0% |
5+ Bedrooms | $500K | $397K | -20.6% |
Summary: Lady 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 decreased by 12.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 20.6%.
Median Sold Price Compared To Nearby Cities
Fruitland Park | $320K | $340K | +6.3% |
Lady Lake | $320K | $305.1K | -4.6% |
Summerfield | $287.4K | $271.7K | -5.5% |
Fruitland Park-Lady Lake | $320K | $288.1K | -10.0% |
Weirsdale | $555K | $327.5K | -41.0% |
Housing Supply in Lady Lake, FL
How many homes are available in Lady Lake, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
274 | 282 | +2.9% |
Summary: The Lady Lake real estate market had 282 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 118 | 128 | +8.5% |
3 Bedrooms | 124 | 120 | -3.2% |
4 Bedrooms | 23 | 26 | +13.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lady Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 60 | +46.3% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Lady Lake in March 2024, up by 46.3% month-over-month. Of the 60 sold homes, 70% were sold under asking, 18% were sold at asking, and 12% were sold over asking.
Days on Market for Lady Lake, FL
How long does it take to sell a home in Lady Lake, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 57 Days | +5.4% |
Summary: Homes in Lady Lake had an average of 57 days on market in Mar 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 60 homes were sold in Lady Lake; 48% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.