Is Leesburg, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Leesburg is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Leesburg was a Seller's Market.

Key Takeaway

Leesburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Leesburg, FL cost?

Median Sold Price

$261,500

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$39,550(+17.8%)

Key Takeaway

Homes in Leesburg have sold for 17.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $71K$72K
+1.4%
2 $146K$195K
+33.6%
3 $239.9K$287.9K
+20.0%
4 $275K$340K
+23.6%
5+ $395K$488.5K
+23.7%

Median Sold Price Compared To Nearby Cities

Fruitland Park-Lady Lake
+22.2%
Howey-in-the-Hills-Okahumpka
+18.9%
Leesburg
+17.8%
Fruitland Park
+10.5%

How many homes are available in Leesburg, FL?

Number of Homes For Sale

Dec 2022Jan 2023%
105116+10.5%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 11
0.0%
2 2226
+18.2%
3 5565
+18.2%
4 2219
-13.6%
5+ 55
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
2112-42.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Leesburg, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
18 Days37 Days+96.9%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Leesburg 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 Leesburg, FL

Homes for sale in Leesburg, FL have reached 116. The inventory of homes for sale in Leesburg, FL between December 2022 and January 2023 increased by 10.5%. Listings spent 37 days on the market in January 2023, and had a median list price of $261,500 during the same period. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 1.4% more expensive, prices of 2 bedrooms properties went up by 33.6%, prices of 3 bedrooms properties increased by 20%, 4 bedrooms properties became 23.6% more expensive, the cost of 5 bedrooms properties went up by 23.7%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 18.2%, number of 3 bedrooms homes increased by 18.2%, number of 4 bedrooms homes decreased by 13.6%, the quantity of 5 bedrooms homes have not changed. In January 2023 more than 1 listings in Leesburg, FL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 8 were sold below.

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