Is Lake Alfred, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Alfred is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Lake Alfred has remained a Buyer's Market.

Key Takeaway

Lake Alfred is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lake Alfred, FL

How much do homes in Lake Alfred, FL cost?

Median Sold Price

$295,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$4,950(-1.7%)

Key Takeaway

Homes in Lake Alfred have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Lake Alfred was $295,000 in February 2024, down 1.7% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $197.2K$171K
-13.3%
3 $298.9K$292.2K
-2.2%
4 $310.5K$325K
+4.7%
5+ $390.1K$389.4K
-0.2%

Summary: Lake Alfred housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Cities

Auburndale
+1.5%
Winter Haven-Auburndale
+0.6%
Lake Alfred
-1.7%
Winter Haven
-2.3%

Housing Supply in Lake Alfred, FL

How many homes are available in Lake Alfred, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3639+8.3%

Summary: The Lake Alfred real estate market had 39 homes for sale in February 2024, a 8.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1919
0.0%
4 1115
+36.4%
5+ 33
0.0%

Summary: The Lake Alfred housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Alfred, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lake Alfred in February 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Lake Alfred, FL

How long does it take to sell a home in Lake Alfred, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
62 Days65 Days+4.8%

Summary: Homes in Lake Alfred had an average of 65 days on market in Feb 2024, up by 4.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Alfred are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Lake Alfred; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 1 Day Ago

Newest Listings in Lake Alfred, FL

Nearby Markets to Lake Alfred, FL

What housing markets are near Lake Alfred, FL?