Is Lake Panasoffkee, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2022
Since last year, Lake Panasoffkee has remained a Seller's Market.
Key Takeaway
Lake Panasoffkee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Lake Panasoffkee, FL cost?
Median Sold Price
$252,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2022
+$63,500(+33.6%)
Key Takeaway
Homes in Lake Panasoffkee have sold for 33.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2022 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | $120K | $90K | -25.0% |
| 2 Bedrooms | $165K | $199.9K | +21.2% |
| 3 Bedrooms | $208.9K | $270K | +29.2% |
| 4 Bedrooms | $387.4K | $270K | -30.3% |
| 5+ Bedrooms | - | - | N/A |
Median Sold Price Compared To Nearby Cities
| Lake Panasoffkee | $189K | $252.5K | +33.6% |
| Hernando | $318K | $383K | +20.4% |
| Bushnell-Center Hill | $230K | $275K | +19.6% |
| Sumterville | $294.5K | $350K | +18.8% |
| Floral City | $245K | $274.9K | +12.2% |
How many homes are available in Lake Panasoffkee, FL?
Number of Homes For Sale
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 29 | 32 | +10.3% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2023 | Apr 2023 | % |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Number of Homes Sold
| Mar 2023 | Apr 2023 | % |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Panasoffkee, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Average Sale Time
| Apr 2022 | Apr 2023 | % |
|---|---|---|
| 103 Days | 55 Days | -46.1% |
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Panasoffkee are selling fast, if you're buying plan to act quickly.
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© 2023 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.