Is Lakewood Ranch, 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, Lakewood Ranch was a Seller's Market.
Housing Prices in Lakewood Ranch, FL
How much do homes in Lakewood Ranch, FL cost?
Median Sold Price
$630,452
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lakewood Ranch was $630,452 in March 2024, down 2.4% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.9M | N/A |
2 Bedrooms | $497K | $504.3K | +1.5% |
3 Bedrooms | $602.1K | $575.9K | -4.4% |
4 Bedrooms | $803.5K | $707.2K | -12.0% |
5+ Bedrooms | $909.3K | $837.5K | -7.9% |
Summary: Lakewood Ranch 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 increased by 1.5%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Neighborhoods
Lakewood Ranch | $646.2K | $630.4K | -2.4% |
Summerfield | $499.9K | $452.7K | -9.4% |
Greenbrook | $632.5K | $557.5K | -11.9% |
Housing Supply in Lakewood Ranch, FL
How many homes are available in Lakewood Ranch, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
492 | 509 | +3.5% |
Summary: The Lakewood Ranch real estate market had 509 homes for sale in March 2024, a 3.5% 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 | 98 | 95 | -3.1% |
3 Bedrooms | 239 | 247 | +3.3% |
4 Bedrooms | 128 | 134 | +4.7% |
5+ Bedrooms | 27 | 33 | +22.2% |
Summary: The Lakewood Ranch 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 3.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
83 | 69 | -16.9% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Lakewood Ranch in March 2024, down by 16.9% month-over-month. Of the 69 sold homes, 62% were sold under asking, 32% were sold at asking, and 6% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 47 Days | -11.2% |
Summary: Homes in Lakewood Ranch had an average of 47 days on market in Mar 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 69 homes were sold in Lakewood Ranch; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.