Is Lake Placid, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lake Placid was a Buyer's Market.
Housing Prices in Lake Placid, FL
How much do homes in Lake Placid, FL cost?
Median Sold Price
$303,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake Placid was $303,000 in March 2024, up 1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $222.5K | $215.5K | -3.1% |
3 Bedrooms | $305K | $310K | +1.6% |
4 Bedrooms | $291K | $425K | +46.0% |
5+ Bedrooms | - | $532.5K | N/A |
Summary: Lake Placid housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 46%, and 5+ bedroom homes did not change.
Housing Supply in Lake Placid, FL
How many homes are available in Lake Placid, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 42 | +5.0% |
Summary: The Lake Placid real estate market had 42 homes for sale in March 2024, a 5.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lake Placid housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 13 | +333.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lake Placid in March 2024, up by 333.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Lake Placid, FL
How long does it take to sell a home in Lake Placid, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 56 Days | -25.7% |
Summary: Homes in Lake Placid had an average of 56 days on market in Mar 2024, down by 25.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Lake Placid; 46% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.