Is Land O Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Land O Lakes has remained a Seller's Market.
Housing Prices in Land O Lakes, FL
How much do homes in Land O Lakes, FL cost?
Median Sold Price
$416,822
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Land O Lakes was $416,822 in June 2024, down 7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $185K | -19.6% |
2 Bedrooms | $324.9K | $336.7K | +3.6% |
3 Bedrooms | $385K | $384.9K | 0% |
4 Bedrooms | $515K | $508.1K | -1.4% |
5+ Bedrooms | $624.9K | $649.9K | +4.0% |
Summary: Land O Lakes housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
Wesley Chapel | $409.4K | $431.7K | +5.4% |
Lutz | $479.8K | $493.4K | +2.9% |
Central Pasco | $410K | $421.4K | +2.8% |
Land O Lakes | $447.9K | $416.8K | -7.0% |
Housing Supply in Land O Lakes, FL
How many homes are available in Land O Lakes, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
635 | 585 | -7.9% |
Summary: The Land O Lakes real estate market had 585 homes for sale in June 2024, a 7.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 116 | 87 | -25.0% |
3 Bedrooms | 241 | 220 | -8.7% |
4 Bedrooms | 167 | 170 | +1.8% |
5+ Bedrooms | 110 | 107 | -2.7% |
Summary: The Land O Lakes 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 25%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 2.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
179 | 126 | -29.6% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 126 homes were sold or pending in Land O Lakes in June 2024, down by 29.6% month-over-month. Of the 126 sold homes, 51% were sold under asking, 36% were sold at asking, and 13% were sold over asking.
Days on Market for Land O Lakes, FL
How long does it take to sell a home in Land O Lakes, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
26 Days | 35 Days | +34.1% |
Summary: Homes in Land O Lakes had an average of 35 days on market in Jun 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During June 2024, 126 homes were sold in Land O Lakes; 60% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.