Is Lady Lake, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lady Lake has remained a Seller's Market.
Housing Prices in Lady Lake, FL
How much do homes in Lady Lake, FL cost?
Median Sold Price
$309,464
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lady Lake was $309,464 in May 2024, down 3.3% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $219.7K | $222K | +1.0% |
2 Bedrooms | $290K | $262.5K | -9.5% |
3 Bedrooms | $364.5K | $360K | -1.2% |
4 Bedrooms | $348K | $464.7K | +33.5% |
5+ Bedrooms | $597.5K | $498.4K | -16.6% |
Summary: Lady Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 33.5%, and 5+ bedroom homes decreased by 16.6%.
Median Sold Price Compared To Nearby Cities
Fruitland Park | $325K | $340K | +4.6% |
Lady Lake | $320K | $309.4K | -3.3% |
Summerfield | $285K | $273.5K | -4.0% |
Fruitland Park-Lady Lake | $315K | $290K | -7.9% |
Weirsdale | $445K | $340K | -23.6% |
Housing Supply in Lady Lake, FL
How many homes are available in Lady Lake, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
226 | 219 | -3.1% |
Summary: The Lady Lake real estate market had 219 homes for sale in May 2024, a 3.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 89 | 82 | -7.9% |
3 Bedrooms | 111 | 112 | +0.9% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Lady Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 39 | -26.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Lady Lake in May 2024, down by 26.4% month-over-month. Of the 39 sold homes, 72% were sold under asking, 21% were sold at asking, and 8% were sold over asking.
Days on Market for Lady Lake, FL
How long does it take to sell a home in Lady Lake, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 41 Days | -27.7% |
Summary: Homes in Lady Lake had an average of 41 days on market in May 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 39 homes were sold in Lady Lake; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.