Is Lake Forest, 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, Lake Forest was a Seller's Market.
Housing Prices in Lake Forest, FL
How much do homes in Lake Forest, FL cost?
Median Sold Price
$427,000
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Forest was $427,000 in April 2024, up 13.9% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $317.5K | $350.7K | +10.5% |
3 Bedrooms | $375K | $420K | +12.0% |
4 Bedrooms | $450K | $477.5K | +6.1% |
5+ Bedrooms | $450K | $515K | +14.4% |
Summary: Lake Forest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Neighborhoods
Ives Estate | $313K | $445K | +42.2% |
Lake Forest | $375K | $427K | +13.9% |
Housing Supply in Lake Forest, FL
How many homes are available in Lake Forest, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Summary: The Lake Forest real estate market had 16 homes for sale in April 2024, a 45.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Forest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 133.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lake Forest in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Lake Forest, FL
How long does it take to sell a home in Lake Forest, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 5 Days | -89.4% |
Summary: Homes in Lake Forest had an average of 5 days on market in Apr 2024, down by 89.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Lake Forest; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.