Is Lake Ida, 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 Ida was a Seller's Market.
Key Takeaway
Lake Ida is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Ida, FL
How much do homes in Lake Ida, FL cost?
Median Sold Price
$2,080,000
$793/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lake Ida have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Lake Ida was $2,080,000 in April 2024, up 15.6% from last year, and the median price per square foot was $793.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $962.5K | $1.0M | +9.1% |
| 3 Bedrooms | $1.4M | $1.5M | +3.5% |
| 4 Bedrooms | $3.0M | $2.5M | -16.0% |
| 5+ Bedrooms | $2.9M | $3.2M | +8.5% |
Summary: Lake Ida 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 9.1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in Lake Ida, FL
How many homes are available in Lake Ida, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Lake Ida real estate market had 33 homes for sale in April 2024, a 17.9% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lake Ida 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 increased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Ida, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lake Ida in April 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Ida, FL
How long does it take to sell a home in Lake Ida, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 99 Days | 164 Days | +64.9% |
Summary: Homes in Lake Ida had an average of 164 days on market in Apr 2024, up by 64.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lake Ida are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 2 homes were sold in Lake Ida; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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