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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Mary is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Lake Mary has remained a Seller's Market.

Key Takeaway

Lake Mary is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lake Mary, FL cost?

Median Sold Price

$489,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$75,500(+18.3%)

Key Takeaway

Homes in Lake Mary have sold for 18.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $131K$175K
+33.6%
2 $203.7K$302.5K
+48.5%
3 $369.9K$435K
+17.6%
4 $449.5K$520K
+15.7%
5+ $610K$715K
+17.2%

Median Sold Price Compared To Nearby Cities

Sanford
+18.6%
Lake Mary
+18.3%
Casselberry-Altamonte Springs
+14.8%

How many homes are available in Lake Mary, FL?

Number of Homes For Sale

Dec 2022Jan 2023%
4642-8.7%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 10
-100.0%
2 22
0.0%
3 1614
-12.5%
4 2122
+4.8%
5+ 64
-33.3%

Number of Homes Sold

Dec 2022Jan 2023%
198-57.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Average Sale Time

Jan 2022Jan 2023%
13 Days27 Days+96.6%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lake Mary, FL

Number of homes for sale in Lake Mary, FL real estate market have reached 42. The number of listings in Lake Mary, FL decreased by 8.7% between December 2022 and January 2023. The median list price of listings available in January 2023 was $489,000, while the average time on the real estate market was 27 days. Listing prices have changed in this real estate market between December 2022 and January 2023: 1 bedroom properties prices increased by 33.6%, 2 bedrooms properties became 48.5% more expensive, the cost of 3 bedrooms properties went up by 17.6%, prices of 4 bedrooms properties increased by 15.7%, prices of 5 bedrooms properties went up by 17.2%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 100%, volume of 2 bedrooms homes stayed the same, number of 3 bedrooms homes decreased by 12.5%, 4 bedrooms homes became 4.8% more available, 5 bedrooms homes inventory decreased by 33.3%. In January 2023, from all listings sold in Lake Mary, FL there were more than 2 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price.

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