$6,109 Closing Credit*
$514,420
1,989 SqFt
3 Beds
•2 Full Baths, 1 Partial
SABRINA LOZADO BASTARDO, Listing Office: PULTE REALTY OF NORTH FLORIDA, LLC.
Is Bannon Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Bannon Lakes has remained a Buyer's Market.
Key Takeaway
Bannon Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bannon Lakes, FL
How much do homes in Bannon Lakes, FL cost?
Median Sold Price
$508,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,000(+6.9%)
Key Takeaway
Homes in Bannon Lakes have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Bannon Lakes was $508,000 in November 2024, up 6.9% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $385K | $363K | -5.7% |
| 3 Bedrooms | $475K | $512K | +7.8% |
| 4 Bedrooms | $450K | $474K | +5.3% |
| 5+ Bedrooms | $631.9K | $589.4K | -6.7% |
Summary: Bannon Lakes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Bannon Lakes | $475K | $508K | +6.9% |
| World Golf Village | $450K | $466.6K | +3.7% |
Housing Supply in Bannon Lakes, FL
How many homes are available in Bannon Lakes, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Summary: The Bannon Lakes real estate market had 27 homes for sale in November 2024, a 3.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Bannon Lakes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bannon Lakes, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bannon Lakes in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bannon Lakes, FL
How long does it take to sell a home in Bannon Lakes, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 79 Days | +81.6% |
Summary: Homes in Bannon Lakes had an average of 79 days on market in Nov 2024, up by 81.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bannon Lakes has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Bannon Lakes; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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