Is Land O Lakes, 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, Land O Lakes has remained a Seller's Market.
Housing Prices in Land O Lakes, FL
How much do homes in Land O Lakes, FL cost?
Median Sold Price
$420,684
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Land O Lakes was $420,684 in April 2024, down 7.4% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $192.4K | -26.0% |
2 Bedrooms | $325K | $332.3K | +2.3% |
3 Bedrooms | $384.9K | $392.6K | +2.0% |
4 Bedrooms | $517K | $505.4K | -2.2% |
5+ Bedrooms | $635.9K | $639.9K | +0.6% |
Summary: Land O Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
Wesley Chapel | $415.9K | $420.2K | +1.0% |
Lutz | $485K | $489.5K | +0.9% |
Central Pasco | $418.2K | $416.4K | -0.4% |
Land O Lakes | $454.4K | $420.6K | -7.4% |
Housing Supply in Land O Lakes, FL
How many homes are available in Land O Lakes, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
537 | 509 | -5.2% |
Summary: The Land O Lakes real estate market had 509 homes for sale in April 2024, a 5.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 110 | 98 | -10.9% |
3 Bedrooms | 206 | 188 | -8.7% |
4 Bedrooms | 150 | 143 | -4.7% |
5+ Bedrooms | 67 | 76 | +13.4% |
Summary: The Land O Lakes 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 decreased by 10.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 13.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 122 | +0.8% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
55 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Land O Lakes in April 2024, up by 0.8% month-over-month. Of the 122 sold homes, 46% were sold under asking, 45% were sold at asking, and 9% were sold over asking.
Days on Market for Land O Lakes, FL
How long does it take to sell a home in Land O Lakes, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 35 Days | -5.6% |
Summary: Homes in Land O Lakes had an average of 35 days on market in Apr 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 122 homes were sold in Land O Lakes; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.