Is Lake Nona South, 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 Nona South was a Buyer's Market.
Housing Prices in Lake Nona South, FL
How much do homes in Lake Nona South, FL cost?
Median Sold Price
$687,500
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Nona South was $687,500 in April 2024, up 2.2% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $404K | $425K | +5.2% |
3 Bedrooms | $605K | $597.5K | -1.2% |
4 Bedrooms | $1.0M | $925K | -7.5% |
5+ Bedrooms | $1.2M | $1.2M | +6.1% |
Summary: Lake Nona South 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 5.2%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
Lake Nona South | $672.5K | $687.5K | +2.2% |
Laureate Park | $750K | $730K | -2.7% |
Lake Nona Central | $625.2K | $490K | -21.6% |
Housing Supply in Lake Nona South, FL
How many homes are available in Lake Nona South, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 68 | +4.6% |
Summary: The Lake Nona South real estate market had 68 homes for sale in April 2024, a 4.6% 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 | 19 | 19 | 0.0% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 15 | 11 | -26.7% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Lake Nona South 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 23.8%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Lake Nona South in April 2024, up by 33.3% month-over-month. Of the 16 sold homes, 56% were sold under asking, 31% were sold at asking, and 13% were sold over asking.
Days on Market for Lake Nona South, FL
How long does it take to sell a home in Lake Nona South, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 41 Days | +164.1% |
Summary: Homes in Lake Nona South had an average of 41 days on market in Apr 2024, up by 164.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Lake Nona South; 38% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.