Is Sunrise Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Sunrise Lakes was a Seller's Market.
Key Takeaway
Sunrise Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sunrise Lakes, FL
How much do homes in Sunrise Lakes, FL cost?
Median Sold Price
$135,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sunrise Lakes have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Sunrise Lakes was $135,000 in March 2024, down 2.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.4K | $110K | +10.6% |
| 2 Bedrooms | $155K | $155K | 0.0% |
| 3 Bedrooms | $405K | $385K | -4.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Sunrise Lakes housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Welleby | $319K | $422.9K | +32.6% |
| Sunrise Lakes | $138.9K | $135K | -2.9% |
Housing Supply in Sunrise Lakes, FL
How many homes are available in Sunrise Lakes, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 158 | 197 | +24.7% |
Summary: The Sunrise Lakes real estate market had 197 homes for sale in March 2024, a 24.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 53 | 65 | +22.6% |
| 2 Bedrooms | 104 | 130 | +25.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sunrise Lakes housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 12 | +200.0% |
Asking Price vs. Sold Price
10 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 Sunrise Lakes, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Sunrise Lakes in March 2024, up by 200.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Sunrise Lakes, FL
How long does it take to sell a home in Sunrise Lakes, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 70 Days | +112.7% |
Summary: Homes in Sunrise Lakes had an average of 70 days on market in Mar 2024, up by 112.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sunrise Lakes has remained consistent over time.
Summary: During March 2024, 12 homes were sold in Sunrise Lakes; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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