Is Lochmoor Waterway Estates, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lochmoor Waterway Estates was a Seller's Market.
Key Takeaway
Lochmoor Waterway Estates is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lochmoor Waterway Estates, FL
How much do homes in Lochmoor Waterway Estates, FL cost?
Median Sold Price
$385,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lochmoor Waterway Estates have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Lochmoor Waterway Estates was $385,000 in May 2024, up 4.9% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $206K | $172K | -16.5% |
| 3 Bedrooms | $405K | $399.9K | -1.2% |
| 4 Bedrooms | $515K | $554K | +7.6% |
| 5+ Bedrooms | $670K | $630K | -6.0% |
Summary: Lochmoor Waterway Estates housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Neighborhoods
| Lochmoor Waterway Estates | $367K | $385K | +4.9% |
| Hancock | $385K | $375K | -2.6% |
Housing Supply in Lochmoor Waterway Estates, FL
How many homes are available in Lochmoor Waterway Estates, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 89 | 101 | +13.5% |
Summary: The Lochmoor Waterway Estates real estate market had 101 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 24 | 30 | +25.0% |
| 3 Bedrooms | 45 | 50 | +11.1% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lochmoor Waterway Estates housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 15 | +400.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lochmoor Waterway Estates, you may be able to get a good deal. 86.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Lochmoor Waterway Estates in May 2024, up by 400.0% month-over-month. Of the 15 sold homes, 87% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Lochmoor Waterway Estates, FL
How long does it take to sell a home in Lochmoor Waterway Estates, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 57 Days | +11.8% |
Summary: Homes in Lochmoor Waterway Estates had an average of 57 days on market in May 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lochmoor Waterway Estates has remained consistent over time.
Summary: During May 2024, 15 homes were sold in Lochmoor Waterway Estates; 33% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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