Is Lake Alfred, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lake Alfred has remained a Buyer's Market.
Housing Prices in Lake Alfred, FL
How much do homes in Lake Alfred, FL cost?
Median Sold Price
$334,790
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lake Alfred was $334,790 in June 2024, up 11.6% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $187K | $171K | -8.6% |
3 Bedrooms | $296.7K | $300K | +1.1% |
4 Bedrooms | $307.9K | $349.9K | +13.6% |
5+ Bedrooms | $387K | $439.9K | +13.7% |
Summary: Lake Alfred housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
Lake Alfred | $299.9K | $334.7K | +11.6% |
Winter Haven-Auburndale | $304.5K | $299.9K | -1.5% |
Auburndale | $330.2K | $324.9K | -1.6% |
Winter Haven | $305.5K | $300K | -1.8% |
Housing Supply in Lake Alfred, FL
How many homes are available in Lake Alfred, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
198 | 177 | -10.6% |
Summary: The Lake Alfred real estate market had 177 homes for sale in June 2024, a 10.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 66 | 61 | -7.6% |
4 Bedrooms | 106 | 96 | -9.4% |
5+ Bedrooms | 25 | 20 | -20.0% |
Summary: The Lake Alfred housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
47 | 20 | -57.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Lake Alfred in June 2024, down by 57.4% month-over-month. Of the 20 sold homes, 40% were sold under asking, 45% were sold at asking, and 15% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 93 Days | +275.0% |
Summary: Homes in Lake Alfred had an average of 93 days on market in Jun 2024, up by 275% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During June 2024, 20 homes were sold in Lake Alfred; 30% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.