Is Lake County, 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, Lake County has remained a Seller's Market.
Housing Prices in Lake County, FL
How much do homes in Lake County, FL cost?
Median Sold Price
$369,717
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake County was $369,717 in April 2024, down 0.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $107K | $130K | +21.5% |
2 Bedrooms | $269.9K | $255K | -5.5% |
3 Bedrooms | $350.2K | $350K | -0.1% |
4 Bedrooms | $441.7K | $449.9K | +1.9% |
5+ Bedrooms | $550K | $585K | +6.4% |
Summary: Lake County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.5%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Counties
Orange County | $394.7K | $415K | +5.1% |
Seminole County | $384.3K | $399.9K | +4.1% |
Volusia County | $335K | $347.6K | +3.8% |
Lake County | $370K | $369.7K | -0.1% |
Sumter County | $360.2K | $355.2K | -1.4% |
Housing Supply in Lake County, FL
How many homes are available in Lake County, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,019 | 2,965 | -1.8% |
Summary: The Lake County real estate market had 2,965 homes for sale in April 2024, a 1.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 21 | 18 | -14.3% |
2 Bedrooms | 655 | 611 | -6.7% |
3 Bedrooms | 1,299 | 1,296 | -0.2% |
4 Bedrooms | 780 | 792 | +1.5% |
5+ Bedrooms | 264 | 248 | -6.1% |
Summary: The Lake County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
620 | 635 | +2.4% |
Asking Price vs. Sold Price
392 Homes Were Sold
Under Asking
165 Homes Were Sold
At Asking
78 Homes Were Sold
Over Asking
Summary: A total of 635 homes were sold or pending in Lake County in April 2024, up by 2.4% month-over-month. Of the 635 sold homes, 62% were sold under asking, 26% were sold at asking, and 12% were sold over asking.
Days on Market for Lake County, FL
How long does it take to sell a home in Lake County, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 52 Days | +13.5% |
Summary: Homes in Lake County had an average of 52 days on market in Apr 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
338 Homes Were Sold
Under 30 Days
159 Homes Were Sold
In 30 - 90 Days
138 Homes Were Sold
Over 90 Days
Summary: During April 2024, 635 homes were sold in Lake County; 53% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.