Is Leesburg, 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, Leesburg has remained a Seller's Market.
Housing Prices in Leesburg, FL
How much do homes in Leesburg, FL cost?
Median Sold Price
$299,950
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Leesburg was $299,950 in March 2024, up 2.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72K | $85K | +18.1% |
2 Bedrooms | $217.9K | $224.1K | +2.9% |
3 Bedrooms | $310K | $310K | 0.0% |
4 Bedrooms | $365.1K | $360K | -1.4% |
5+ Bedrooms | $470K | $388.5K | -17.3% |
Summary: Leesburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 2.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 17.3%.
Median Sold Price Compared To Nearby Cities
Sumterville | $342.5K | $400K | +16.8% |
Fruitland Park | $320K | $340K | +6.3% |
Leesburg | $292.3K | $299.9K | +2.6% |
Howey-in-the-Hills-Okahumpka | $335K | $325.4K | -2.8% |
Fruitland Park-Lady Lake | $320K | $288.1K | -10.0% |
Housing Supply in Leesburg, FL
How many homes are available in Leesburg, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
541 | 576 | +6.5% |
Summary: The Leesburg real estate market had 576 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 194 | 214 | +10.3% |
3 Bedrooms | 273 | 287 | +5.1% |
4 Bedrooms | 55 | 53 | -3.6% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Leesburg 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 increased by 10.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 101 | +13.5% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 101 homes were sold or pending in Leesburg in March 2024, up by 13.5% month-over-month. Of the 101 sold homes, 68% were sold under asking, 26% were sold at asking, and 6% were sold over asking.
Days on Market for Leesburg, FL
How long does it take to sell a home in Leesburg, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 72 Days | +34.0% |
Summary: Homes in Leesburg had an average of 72 days on market in Mar 2024, up by 34% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During March 2024, 101 homes were sold in Leesburg; 37% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.