Is Land O Lakes, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Land O Lakes is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Land O Lakes has remained a Seller's Market.

Key Takeaway

Land O Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Land O Lakes, FL cost?

Median Sold Price

$447,087

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$87,099(+24.2%)

Key Takeaway

Homes in Land O Lakes have sold for 24.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $142.5K$192.7K
+35.3%
2 $253.4K$299K
+18.0%
3 $300.2K$385K
+28.2%
4 $393K$499.9K
+27.2%
5+ $479.5K$608.4K
+26.9%

Median Sold Price Compared To Nearby Cities

Wesley Chapel
+26.9%
Lutz
+26.6%
Odessa
+26.5%
Central Pasco
+26.3%
Land O Lakes
+24.2%

How many homes are available in Land O Lakes, FL?

Number of Homes For Sale

Sep 2022Oct 2022%
349342-2.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 3535
0.0%
3 127137
+7.9%
4 133122
-8.3%
5+ 5448
-11.1%

Number of Homes Sold

Sep 2022Oct 2022%
7981+2.5%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Land O Lakes, you may be able to get a good deal. 59.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
8 Days20 Days+144.0%

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Land O Lakes are selling fast, if you're buying plan to act quickly.

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

About Land O Lakes, FL

Number of homes for sale in Land O Lakes, FL real estate market have reached 342. The number of homes for sale in Land O Lakes, FL decreased by 2% between September 2022 and October 2022. While the average time on the market in October 2022 was 20 days, the median list price was $447,087. Real estate listing prices changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 35.3%, the cost of 2 bedrooms properties went up by 18%, 3 bedrooms properties prices increased by 28.2%, 4 bedrooms properties prices increased by 27.2%, prices of 5 bedrooms properties increased by 26.9%. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes did not move, 3 bedrooms homes became 7.9% more available, the quantity of 4 bedrooms homes went down by 8.3%, the quantity of 5 bedrooms homes went down by 11.1%. In October 2022, from all listings sold in Land O Lakes, FL there were more than 8 sold above asking price, over 48 sold below and more than 25 were sold right at the asked price.

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