Is Lido Key, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lido Key has remained a Buyer's Market.
Key Takeaway
Lido Key is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lido Key, FL
How much do homes in Lido Key, FL cost?
Median Sold Price
$1,362,500
$992/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lido Key have sold for 18% more than they did a year ago.
Summary: The median home sold price in Lido Key was $1,362,500 in April 2024, up 18% from last year, and the median price per square foot was $992.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $510K | -7.3% |
| 2 Bedrooms | $1.1M | $1.0M | -6.8% |
| 3 Bedrooms | $2.7M | $3.7M | +35.5% |
| 4 Bedrooms | $2.4M | $5.3M | +116.3% |
| 5+ Bedrooms | $5.1M | $5.1M | +1.0% |
Summary: Lido Key housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 116.3%, and 5+ bedroom homes increased by 1%.
Housing Supply in Lido Key, FL
How many homes are available in Lido Key, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 58 | 0.0% |
Summary: The Lido Key real estate market had 58 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 27 | 30 | +11.1% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Lido Key housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lido Key, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lido Key in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Lido Key, FL
How long does it take to sell a home in Lido Key, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 105 Days | 50 Days | -51.9% |
Summary: Homes in Lido Key had an average of 50 days on market in Apr 2024, down by 51.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lido Key has remained consistent over time.
Summary: During April 2024, 6 homes were sold in Lido Key; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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