Is Leesburg East, 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 East has remained a Seller's Market.
Key Takeaway
Leesburg East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leesburg East, FL
How much do homes in Leesburg East, FL cost?
Median Sold Price
$315,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Leesburg East have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Leesburg East was $315,000 in March 2024, up 1.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $72K | -53.8% |
| 2 Bedrooms | $222K | $195K | -12.2% |
| 3 Bedrooms | $305K | $310K | +1.6% |
| 4 Bedrooms | $379.6K | $367.1K | -3.3% |
| 5+ Bedrooms | $460K | $383K | -16.7% |
Summary: Leesburg East housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.8%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Cities
| Leesburg | $292.3K | $299.9K | +2.6% |
| Leesburg East | $309.2K | $315K | +1.9% |
| Grand Island | $340K | $318.7K | -6.3% |
| Tavares | $330K | $308.6K | -6.5% |
| Fruitland Park-Lady Lake | $320K | $288.1K | -10.0% |
Housing Supply in Leesburg East, FL
How many homes are available in Leesburg East, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 151 | 168 | +11.3% |
Summary: The Leesburg East real estate market had 168 homes for sale in March 2024, a 11.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 52 | 55 | +5.8% |
| 3 Bedrooms | 69 | 76 | +10.1% |
| 4 Bedrooms | 24 | 30 | +25.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Leesburg East housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 33 | +57.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Leesburg East, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Leesburg East in March 2024, up by 57.1% month-over-month. Of the 33 sold homes, 73% were sold under asking, 24% were sold at asking, and 3% were sold over asking.
Days on Market for Leesburg East, FL
How long does it take to sell a home in Leesburg East, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 63 Days | 71 Days | +13.3% |
Summary: Homes in Leesburg East had an average of 71 days on market in Mar 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Leesburg East has remained consistent over time.
Summary: During March 2024, 33 homes were sold in Leesburg East; 33% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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