Is Sanford, 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, Sanford has remained a Seller's Market.
Housing Prices in Sanford, FL
How much do homes in Sanford, FL cost?
Median Sold Price
$359,616
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sanford was $359,616 in April 2024, up 9.1% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130.2K | $173.5K | +33.2% |
2 Bedrooms | $245K | $255K | +4.1% |
3 Bedrooms | $322.3K | $334.9K | +3.9% |
4 Bedrooms | $417.4K | $442.1K | +5.9% |
5+ Bedrooms | $575K | $558K | -3.0% |
Summary: Sanford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
Sanford | $329.5K | $359.6K | +9.1% |
Lake Mary | $480K | $465.3K | -3.0% |
Housing Supply in Sanford, FL
How many homes are available in Sanford, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
471 | 454 | -3.6% |
Summary: The Sanford real estate market had 454 homes for sale in April 2024, a 3.6% 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 | 75 | 65 | -13.3% |
3 Bedrooms | 190 | 202 | +6.3% |
4 Bedrooms | 154 | 144 | -6.5% |
5+ Bedrooms | 48 | 39 | -18.8% |
Summary: The Sanford 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 13.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 109 | +6.9% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 109 homes were sold or pending in Sanford in April 2024, up by 6.9% month-over-month. Of the 109 sold homes, 54% were sold under asking, 28% were sold at asking, and 17% were sold over asking.
Days on Market for Sanford, FL
How long does it take to sell a home in Sanford, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 49 Days | +23.1% |
Summary: Homes in Sanford had an average of 49 days on market in Apr 2024, up by 23.1% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 109 homes were sold in Sanford; 58% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.