Is Mount Dora, 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, Mount Dora has remained a Seller's Market.
Key Takeaway
Mount Dora is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Dora, FL
How much do homes in Mount Dora, FL cost?
Median Sold Price
$398,553
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mount Dora have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Mount Dora was $398,553 in March 2024, down 1.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170.2K | $257K | +51.0% |
| 2 Bedrooms | $320.7K | $285K | -11.1% |
| 3 Bedrooms | $404.5K | $374.6K | -7.4% |
| 4 Bedrooms | $449.9K | $479.7K | +6.6% |
| 5+ Bedrooms | $516.3K | $553.2K | +7.1% |
Summary: Mount Dora housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Eustis | $337K | $341.5K | +1.3% |
| Mount Dora | $405.9K | $398.5K | -1.8% |
Housing Supply in Mount Dora, FL
How many homes are available in Mount Dora, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 254 | 250 | -1.6% |
Summary: The Mount Dora real estate market had 250 homes for sale in March 2024, a 1.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 48 | 48 | 0.0% |
| 3 Bedrooms | 121 | 116 | -4.1% |
| 4 Bedrooms | 64 | 66 | +3.1% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Mount Dora housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 55 | +31.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Dora, you may be able to get a good deal. 61.8% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Mount Dora in March 2024, up by 31.0% month-over-month. Of the 55 sold homes, 62% were sold under asking, 31% were sold at asking, and 7% were sold over asking.
Days on Market for Mount Dora, FL
How long does it take to sell a home in Mount Dora, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 52 Days | -7.1% |
Summary: Homes in Mount Dora had an average of 52 days on market in Mar 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mount Dora are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 55 homes were sold in Mount Dora; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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