Is Lake Alfred, 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, Lake Alfred has remained a Seller's Market.
Housing Prices in Lake Alfred, FL
How much do homes in Lake Alfred, FL cost?
Median Sold Price
$325,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Alfred was $325,000 in May 2024, up 8.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $171K | -12.3% |
3 Bedrooms | $295.2K | $297.8K | +0.9% |
4 Bedrooms | $315.9K | $345K | +9.2% |
5+ Bedrooms | $387K | $416.4K | +7.6% |
Summary: Lake Alfred 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 12.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
Lake Alfred | $300K | $325K | +8.3% |
Winter Haven-Auburndale | $304.4K | $299.8K | -1.5% |
Auburndale | $329.9K | $323.4K | -2.0% |
Winter Haven | $307.6K | $299.9K | -2.5% |
Housing Supply in Lake Alfred, FL
How many homes are available in Lake Alfred, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
160 | 175 | +9.4% |
Summary: The Lake Alfred real estate market had 175 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 52 | 61 | +17.3% |
4 Bedrooms | 86 | 90 | +4.7% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Lake Alfred 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 decreased by 50%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 45 | +350.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Lake Alfred in May 2024, up by 350.0% month-over-month. Of the 45 sold homes, 27% were sold under asking, 44% were sold at asking, and 29% were sold over asking.
Days on Market for Lake Alfred, FL
How long does it take to sell a home in Lake Alfred, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 71 Days | +47.0% |
Summary: Homes in Lake Alfred had an average of 71 days on market in May 2024, up by 47% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 45 homes were sold in Lake Alfred; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.