Is Lakewood Ranch, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakewood Ranch is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Lakewood Ranch has remained a Seller's Market.

Key Takeaway

Lakewood Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lakewood Ranch, FL

How much do homes in Lakewood Ranch, FL cost?

Median Sold Price

$636,590

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$12,306(+2.0%)

Key Takeaway

Homes in Lakewood Ranch have sold for 2% more than they did a year ago.

Summary: The median home sold price in Lakewood Ranch was $636,590 in June 2024, up 2% from last year, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$1.9M
N/A
2 $515K$493K
-4.3%
3 $583K$600.1K
+2.9%
4 $736.3K$704.9K
-4.3%
5+ $913.5K$844.1K
-7.6%

Summary: Lakewood Ranch housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 7.6%.

Median Sold Price Compared To Nearby Neighborhoods

Lakewood Ranch
+2.0%
Greenbrook
-2.6%
Bridgewater
-8.2%
Summerfield
-10.2%

Housing Supply in Lakewood Ranch, FL

How many homes are available in Lakewood Ranch, FL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
549532-3.1%

Summary: The Lakewood Ranch real estate market had 532 homes for sale in June 2024, a 3.1% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 10398
-4.9%
3 276270
-2.2%
4 139129
-7.2%
5+ 3135
+12.9%

Summary: The Lakewood Ranch housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 12.9%.

Number of Homes Sold

May 2024Jun 2024CHANGE
11289-20.5%

Asking Price vs. Sold Price

64 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakewood Ranch, you may be able to get a good deal. 71.9% of homes here sold below asking price last month.

Summary: A total of 89 homes were sold or pending in Lakewood Ranch in June 2024, down by 20.5% month-over-month. Of the 89 sold homes, 72% were sold under asking, 27% were sold at asking, and 1% were sold over asking.

Days on Market for Lakewood Ranch, FL

How long does it take to sell a home in Lakewood Ranch, FL?

Average Sale Time

Jun 2023Jun 2024CHANGE
65 Days64 Days-1.7%

Summary: Homes in Lakewood Ranch had an average of 64 days on market in Jun 2024, down by 1.7% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lakewood Ranch are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 89 homes were sold in Lakewood Ranch; 45% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

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