Is West Lealman, 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, West Lealman has remained a Seller's Market.
Key Takeaway
West Lealman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Lealman, FL
How much do homes in West Lealman, FL cost?
Median Sold Price
$219,100
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Lealman have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in West Lealman was $219,100 in April 2024, down 6.3% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $133.5K | +2.7% |
| 2 Bedrooms | $226.7K | $206.7K | -8.8% |
| 3 Bedrooms | $387K | $367K | -5.2% |
| 4 Bedrooms | $460K | $410K | -10.9% |
| 5+ Bedrooms | $411K | $410K | -0.2% |
Summary: West Lealman housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Pine Bay | $123K | $120K | -2.4% |
| West Lealman | $233.7K | $219.1K | -6.3% |
| Sea Horse | $385K | $335K | -13.0% |
| Magnolia Manor | $300K | $253K | -15.7% |
Housing Supply in West Lealman, FL
How many homes are available in West Lealman, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 180 | 178 | -1.1% |
Summary: The West Lealman real estate market had 178 homes for sale in April 2024, a 1.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 38 | -5.0% |
| 2 Bedrooms | 93 | 99 | +6.5% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West Lealman housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Lealman, you may be able to get a good deal. 78.1% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in West Lealman in April 2024, the same as the previous month. Of the 32 sold homes, 78% were sold under asking, 9% were sold at asking, and 13% were sold over asking.
Days on Market for West Lealman, FL
How long does it take to sell a home in West Lealman, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 53 Days | 44 Days | -15.8% |
Summary: Homes in West Lealman had an average of 44 days on market in Apr 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Lealman are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in West Lealman; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.