Is Fruitland Park-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, Fruitland Park-Lady Lake has remained a Seller's Market.
Key Takeaway
Fruitland Park-Lady Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fruitland Park-Lady Lake, FL
How much do homes in Fruitland Park-Lady Lake, FL cost?
Median Sold Price
$290,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fruitland Park-Lady Lake have sold for 7.9% less than they did a year ago.
Summary: The median home sold price in Fruitland Park-Lady Lake was $290,000 in May 2024, down 7.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $255K | $229.5K | -10.0% |
| 3 Bedrooms | $330K | $335K | +1.5% |
| 4 Bedrooms | $390K | $365K | -6.4% |
| 5+ Bedrooms | $490K | $485K | -1.0% |
Summary: Fruitland Park-Lady Lake 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 10%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
| Fruitland Park | $325K | $340K | +4.6% |
| The Villages | $385.3K | $379.5K | -1.5% |
| Lady Lake | $320K | $309.4K | -3.3% |
| Fruitland Park-Lady Lake | $315K | $290K | -7.9% |
| Weirsdale | $445K | $340K | -23.6% |
Housing Supply in Fruitland Park-Lady Lake, FL
How many homes are available in Fruitland Park-Lady Lake, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 203 | 195 | -3.9% |
Summary: The Fruitland Park-Lady Lake real estate market had 195 homes for sale in May 2024, a 3.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 54 | 47 | -13.0% |
| 3 Bedrooms | 105 | 108 | +2.9% |
| 4 Bedrooms | 35 | 34 | -2.9% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Fruitland Park-Lady Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 34 | -20.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fruitland Park-Lady Lake, you may be able to get a good deal. 73.5% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Fruitland Park-Lady Lake in May 2024, down by 20.9% month-over-month. Of the 34 sold homes, 74% were sold under asking, 15% were sold at asking, and 12% were sold over asking.
Days on Market for Fruitland Park-Lady Lake, FL
How long does it take to sell a home in Fruitland Park-Lady Lake, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 42 Days | -26.4% |
Summary: Homes in Fruitland Park-Lady Lake had an average of 42 days on market in May 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fruitland Park-Lady Lake are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 34 homes were sold in Fruitland Park-Lady Lake; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.