Is Sanford, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sanford is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Sanford has remained a Seller's Market.

Key Takeaway

Sanford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Sanford, FL cost?

Median Sold Price

$305,000

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$47,784(+18.6%)

Key Takeaway

Homes in Sanford have sold for 18.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $119K$149.2K
+25.4%
2 $189.7K$235K
+23.9%
3 $260K$310K
+19.2%
4 $340K$390K
+14.7%
5+ $400K$521K
+30.3%

Median Sold Price Compared To Nearby Cities

Sanford
+18.6%
Lake Mary
+18.3%

How many homes are available in Sanford, FL?

Number of Homes For Sale

Dec 2022Jan 2023%
189196+3.7%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 01
+100.0%
2 4347
+9.3%
3 97100
+3.1%
4 3739
+5.4%
5+ 129
-25.0%

Number of Homes Sold

Dec 2022Jan 2023%
36360.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sanford, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
17 Days43 Days+142.3%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sanford are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Sanford, FL

Homes for sale in Sanford, FL have reached 196. The number of listings in Sanford, FL increased by 3.7% between December 2022 and January 2023. In January 2023, listings were on the market for 43 days. During the same period, the median list price in this real estate market was $305,000. Real estate listing prices changed between December 2022 and January 2023: 1 bedroom properties prices increased by 25.4%, prices of 2 bedrooms properties went up by 23.9%, prices of 3 bedrooms properties went up by 19.2%, the cost of 4 bedrooms properties went up by 14.7%, prices of 5 bedrooms properties went up by 30.3%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 100% more available, 2 bedrooms homes inventory increased by 9.3%, 3 bedrooms homes inventory increased by 3.1%, 4 bedrooms homes inventory increased by 5.4%, 5 bedrooms homes became 25% less available. In January 2023 more than 8 listings in Sanford, FL were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 20 were sold below.

Related Housing Market Reports