$6,382 Closing Credit*
$537,420
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 October 2023
At the same time last year, Bannon Lakes was a Seller'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
$510,740
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,840(+7.5%)
Key Takeaway
Homes in Bannon Lakes have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Bannon Lakes was $510,740 in October 2024, up 7.5% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $385K | $365K | -5.2% |
| 3 Bedrooms | $463.7K | $519.3K | +12.0% |
| 4 Bedrooms | $442.5K | $474K | +7.1% |
| 5+ Bedrooms | $624.7K | $614.9K | -1.6% |
Summary: Bannon Lakes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Bannon Lakes | $474.9K | $510.7K | +7.5% |
| World Golf Village | $449.6K | $467.5K | +4.0% |
Housing Supply in Bannon Lakes, FL
How many homes are available in Bannon Lakes, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Summary: The Bannon Lakes real estate market had 27 homes for sale in October 2024, a 18.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 7 | -36.4% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Bannon Lakes housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 36.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bannon Lakes, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Bannon Lakes in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 67 Days | +103.2% |
Summary: Homes in Bannon Lakes had an average of 67 days on market in Oct 2024, up by 103.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bannon Lakes are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Bannon Lakes; 33% of homes were sold within 30 days, 33% 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.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.