$6,225 Closing Credit*
$524,210
1,757 SqFt
4 Beds
•3 Full Baths
Rafael Gonzalez Barros, Listing Office: Lisayly Hurtado PA
Is Homestead Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Homestead Lakes was a Seller's Market.
Key Takeaway
Homestead Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Homestead Lakes, FL
How much do homes in Homestead Lakes, FL cost?
Median Sold Price
$390,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,000(+2.4%)
Key Takeaway
Homes in Homestead Lakes have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Homestead Lakes was $390,000 in November 2024, up 2.4% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $190K | +5.6% |
| 2 Bedrooms | $245K | $250K | +2.0% |
| 3 Bedrooms | $375K | $380K | +1.3% |
| 4 Bedrooms | $483K | $514.8K | +6.6% |
| 5+ Bedrooms | $560K | $565K | +0.9% |
Summary: Homestead Lakes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Palm Breeze at Keys Gate | $287.5K | $330K | +14.8% |
| Homestead Lakes | $381K | $390K | +2.4% |
Housing Supply in Homestead Lakes, FL
How many homes are available in Homestead Lakes, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 357 | 377 | +5.6% |
Summary: The Homestead Lakes real estate market had 377 homes for sale in November 2024, a 5.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 55 | 62 | +12.7% |
| 3 Bedrooms | 187 | 203 | +8.6% |
| 4 Bedrooms | 94 | 89 | -5.3% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Homestead 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 increased by 12.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 25 | -28.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homestead Lakes, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Homestead Lakes in November 2024, down by 28.6% month-over-month. Of the 25 sold homes, 52% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for Homestead Lakes, FL
How long does it take to sell a home in Homestead Lakes, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 64 Days | +115.9% |
Summary: Homes in Homestead Lakes had an average of 64 days on market in Nov 2024, up by 115.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Homestead Lakes are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in Homestead Lakes; 44% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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