Is Lake Shores Estates, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake Shores Estates has remained a Seller's Market.
Key Takeaway
Lake Shores Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Shores Estates, FL
How much do homes in Lake Shores Estates, FL cost?
Median Sold Price
$382,500
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lake Shores Estates have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Lake Shores Estates was $382,500 in April 2024, up 6.5% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $217K | N/A |
| 2 Bedrooms | $291.5K | $282.5K | -3.1% |
| 3 Bedrooms | $405K | $419.9K | +3.7% |
| 4 Bedrooms | $460K | $521.2K | +13.3% |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: Lake Shores Estates 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 decreased by 3.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Lake Shores Estates | $359K | $382.5K | +6.5% |
| Cobb's Landing | $835K | $800K | -4.2% |
| Cypress Pointe | $832.5K | $485.5K | -41.7% |
Housing Supply in Lake Shores Estates, FL
How many homes are available in Lake Shores Estates, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 38 | -17.4% |
Summary: The Lake Shores Estates real estate market had 38 homes for sale in April 2024, a 17.4% decrease 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 | 23 | 20 | -13.0% |
| 3 Bedrooms | 16 | 12 | -25.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lake Shores Estates 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 decreased by 13%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Shores Estates, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Lake Shores Estates in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Lake Shores Estates, FL
How long does it take to sell a home in Lake Shores Estates, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 40 Days | -41.1% |
Summary: Homes in Lake Shores Estates had an average of 40 days on market in Apr 2024, down by 41.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Shores Estates are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Lake Shores Estates; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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