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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Panasoffkee is a seller's market

Buyer's
Market

Difference Since June 2021

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

$202,450

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$49,550(+32.4%)

Key Takeaway

Homes in Lake Panasoffkee have sold for 32.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $49.9K$105K
+110.4%
2 $146.9K$195K
+32.7%
3 $169K$215K
+27.2%
4 $273.5K$274.9K
0.5%
5+ $110K-
N/A

Median Sold Price Compared To Nearby Cities

Lake Panasoffkee
+32.4%
Bushnell-Center Hill
+20.0%
Hernando
+14.2%
Floral City
+5.8%

How many homes are available in Lake Panasoffkee, FL?

Number of Homes For Sale

May 2022Jun 2022%
1819+5.6%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 10
-100.0%
2 78
+14.3%
3 66
0.0%
4 45
+25.0%
5+ 00
0.0%

Number of Homes Sold

May 2022Jun 2022%
25+150.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Panasoffkee, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Average Sale Time

Jun 2021Jun 2022%
52 Days21 Days-59.4%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Panasoffkee 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 Panasoffkee, FL

Lake Panasoffkee, FL has 19 homes for sale to choose from. The number of homes for sale in Lake Panasoffkee, FL increased by 5.6% between May 2022 and June 2022. In June 2022 median list price was $202,450 and the average listing age was 21 days. Between May 2022 and June 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 110.4% more expensive, 2 bedrooms properties prices increased by 32.7%, 3 bedrooms properties prices increased by 27.2%, prices of 4 bedrooms properties increased by 0.5%, prices of 5 bedrooms properties increased by 0%. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 100%, the quantity of 2 bedrooms homes went up by 14.3%, 3 bedrooms homes inventory did not change, number of 4 bedrooms homes increased by 25%, 5 bedrooms homes did not move. While more than 1 listings in Lake Panasoffkee, FL in June 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 1 were sold below.

Related Housing Market Reports