Is Leisure City Area, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Leisure City Area was a Seller's Market.
Key Takeaway
Leisure City Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Leisure City Area, FL
How much do homes in Leisure City Area, FL cost?
Median Sold Price
$660,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Leisure City Area have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Leisure City Area was $660,000 in April 2024, up 3.9% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400K | $525K | +31.3% |
| 3 Bedrooms | $549K | $518.1K | -5.6% |
| 4 Bedrooms | $665K | $710.6K | +6.9% |
| 5+ Bedrooms | $1.0M | $844.7K | -15.5% |
Summary: Leisure City Area housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 15.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Naranja | $397K | $461.1K | +16.2% |
| South Naranja | $400K | $450K | +12.5% |
| North Redlands | $847.5K | $900K | +6.2% |
| Leisure City Area | $635K | $660K | +3.9% |
Housing Supply in Leisure City Area, FL
How many homes are available in Leisure City Area, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 60 | -9.1% |
Summary: The Leisure City Area real estate market had 60 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 25 | 23 | -8.0% |
| 4 Bedrooms | 29 | 25 | -13.8% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Leisure City Area housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leisure City Area, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Leisure City Area in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Leisure City Area, FL
How long does it take to sell a home in Leisure City Area, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 30 Days | -50.2% |
Summary: Homes in Leisure City Area had an average of 30 days on market in Apr 2024, down by 50.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leisure City Area are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Leisure City Area; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.