Is Lake County, 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, Lake County has remained a Seller's Market.
Key Takeaway
Lake County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake County, FL
How much do homes in Lake County, FL cost?
Median Sold Price
$367,659
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lake County have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Lake County was $367,659 in March 2024, down 1.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.7K | $117.5K | +4.2% |
| 2 Bedrooms | $274.9K | $253.5K | -7.8% |
| 3 Bedrooms | $354K | $349.8K | -1.2% |
| 4 Bedrooms | $439.3K | $447.9K | +2.0% |
| 5+ Bedrooms | $548.1K | $585K | +6.7% |
Summary: Lake County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Counties
| Orange County | $392.9K | $412.7K | +5.0% |
| Seminole County | $383.8K | $399.9K | +4.2% |
| Volusia County | $334.9K | $345.6K | +3.2% |
| Lake County | $371.7K | $367.6K | -1.1% |
| Sumter County | $365.9K | $350.6K | -4.2% |
Housing Supply in Lake County, FL
How many homes are available in Lake County, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,915 | 3,012 | +3.3% |
Summary: The Lake County real estate market had 3,012 homes for sale in March 2024, a 3.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 22 | -18.5% |
| 2 Bedrooms | 657 | 698 | +6.2% |
| 3 Bedrooms | 1,273 | 1,298 | +2.0% |
| 4 Bedrooms | 703 | 737 | +4.8% |
| 5+ Bedrooms | 255 | 257 | +0.8% |
Summary: The Lake County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.5%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 0.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 505 | 576 | +14.1% |
Asking Price vs. Sold Price
370 Homes Were Sold
Under Asking
144 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake County, you may be able to get a good deal. 64.2% of homes here sold below asking price last month.
Summary: A total of 576 homes were sold or pending in Lake County in March 2024, up by 14.1% month-over-month. Of the 576 sold homes, 64% were sold under asking, 25% were sold at asking, and 11% were sold over asking.
Days on Market for Lake County, FL
How long does it take to sell a home in Lake County, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 60 Days | +19.6% |
Summary: Homes in Lake County had an average of 60 days on market in Mar 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
258 Homes Were Sold
Under 30 Days
174 Homes Were Sold
In 30 - 90 Days
144 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 576 homes were sold in Lake County; 45% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. This property is offered without respect to any protected classes in accordance with the law.