Is Sanford, 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, Sanford has remained a Seller's Market.
Housing Prices in Sanford, FL
How much do homes in Sanford, FL cost?
Median Sold Price
$358,175
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sanford was $358,175 in March 2024, up 10.2% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130.2K | $173.5K | +33.2% |
2 Bedrooms | $245K | $255K | +4.1% |
3 Bedrooms | $323.5K | $333.8K | +3.2% |
4 Bedrooms | $415K | $440K | +6.0% |
5+ Bedrooms | $547K | $575K | +5.1% |
Summary: Sanford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Sanford | $325K | $358.1K | +10.2% |
Lake Mary | $495K | $456.3K | -7.8% |
Housing Supply in Sanford, FL
How many homes are available in Sanford, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
448 | 457 | +2.0% |
Summary: The Sanford real estate market had 457 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 57 | 70 | +22.8% |
3 Bedrooms | 183 | 186 | +1.6% |
4 Bedrooms | 157 | 151 | -3.8% |
5+ Bedrooms | 46 | 45 | -2.2% |
Summary: The Sanford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 2.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 97 | +4.3% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 97 homes were sold or pending in Sanford in March 2024, up by 4.3% month-over-month. Of the 97 sold homes, 59% were sold under asking, 25% were sold at asking, and 16% were sold over asking.
Days on Market for Sanford, FL
How long does it take to sell a home in Sanford, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 45 Days | -6.7% |
Summary: Homes in Sanford had an average of 45 days on market in Mar 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 97 homes were sold in Sanford; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.