Is Scott Lake, 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, Scott Lake has remained a Seller's Market.
Key Takeaway
Scott Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Scott Lake, FL
How much do homes in Scott Lake, FL cost?
Median Sold Price
$489,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Scott Lake have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Scott Lake was $489,000 in April 2024, up 10.5% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $225K | $410K | +82.2% |
| 3 Bedrooms | $439.5K | $465K | +5.8% |
| 4 Bedrooms | $450K | $530K | +17.8% |
| 5+ Bedrooms | $470K | $598.5K | +27.3% |
Summary: Scott Lake 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 82.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Crestview | $460K | $517.5K | +12.5% |
| Scott Lake | $442.5K | $489K | +10.5% |
Housing Supply in Scott Lake, FL
How many homes are available in Scott Lake, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 35 | -16.7% |
Summary: The Scott Lake real estate market had 35 homes for sale in April 2024, a 16.7% 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 | 1 | +100.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 17 | 10 | -41.2% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Scott Lake 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 increased by 100%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scott Lake, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Scott Lake in April 2024, down by 40.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 56% were sold at asking, and 0% were sold over asking.
Days on Market for Scott Lake, FL
How long does it take to sell a home in Scott Lake, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 65 Days | +147.0% |
Summary: Homes in Scott Lake had an average of 65 days on market in Apr 2024, up by 147% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scott Lake are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Scott Lake; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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