Is Lake Placid, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lake Placid has remained a Buyer's Market.
Housing Prices in Lake Placid, FL
How much do homes in Lake Placid, FL cost?
Median Sold Price
$340,000
$153/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Lake Placid was $340,000 in February 2024, down 34.6% from last month, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $150K | N/A |
3 Bedrooms | $634.5K | $820K | +29.2% |
4 Bedrooms | $520K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Lake Placid housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 29.2%, 4 bedroom homes did not change, 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
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
40 | 49 | +22.5% |
Summary: The Lake Placid real estate market had 49 homes for sale in February 2024, a 22.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 14 | +16.7% |
3 Bedrooms | 21 | 28 | +33.3% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lake Placid housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lake Placid in February 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
46 Days | 45 Days | -2.9% |
Summary: Homes in Lake Placid had an average of 45 days on market in Feb 2024, down by 2.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Lake Placid; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.