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 March 2023
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.
Housing Prices in Land O Lakes, FL
How much do homes in Land O Lakes, FL cost?
Median Sold Price
$427,348
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Land O Lakes have sold for 5% less than they did a year ago.
Summary: The median home sold price in Land O Lakes was $427,348 in March 2024, down 5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $192.4K | -26.0% |
| 2 Bedrooms | $325K | $332.5K | +2.3% |
| 3 Bedrooms | $382.4K | $398.9K | +4.3% |
| 4 Bedrooms | $514.9K | $507K | -1.5% |
| 5+ Bedrooms | $637.9K | $637.4K | -0.1% |
Summary: Land O Lakes housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Lutz | $488.2K | $486K | -0.4% |
| Central Pasco | $420.4K | $414.9K | -1.3% |
| Wesley Chapel | $421.7K | $414.9K | -1.6% |
| Land O Lakes | $449.9K | $427.3K | -5.0% |
Housing Supply in Land O Lakes, FL
How many homes are available in Land O Lakes, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 549 | 480 | -12.6% |
Summary: The Land O Lakes real estate market had 480 homes for sale in March 2024, a 12.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 119 | 84 | -29.4% |
| 3 Bedrooms | 215 | 180 | -16.3% |
| 4 Bedrooms | 150 | 142 | -5.3% |
| 5+ Bedrooms | 62 | 69 | +11.3% |
Summary: The Land O Lakes housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 11.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 149 | 109 | -26.8% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Land O Lakes, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 109 homes were sold or pending in Land O Lakes in March 2024, down by 26.8% month-over-month. Of the 109 sold homes, 51% were sold under asking, 32% were sold at asking, and 17% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 53 Days | +13.7% |
Summary: Homes in Land O Lakes had an average of 53 days on market in Mar 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Land O Lakes are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 109 homes were sold in Land O Lakes; 49% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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