$10,000 Closing Credit*
$849,999
2,766 SqFt
4 Beds
•3 Full Baths
Bashar Jani, Listing Office: Keller Williams Miami Beach Realty
Is Lago Mar, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lago Mar has remained a Seller's Market.
Key Takeaway
Lago Mar is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lago Mar, FL
How much do homes in Lago Mar, FL cost?
Median Sold Price
$310,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,000(+1.3%)
Key Takeaway
Homes in Lago Mar have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Lago Mar was $310,000 in October 2024, up 1.3% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $230K | 0.0% |
| 2 Bedrooms | $280K | $290K | +3.6% |
| 3 Bedrooms | $480K | $502K | +4.6% |
| 4 Bedrooms | $576K | $1.0M | +84.5% |
| 5+ Bedrooms | $923K | $815K | -11.7% |
Summary: Lago Mar 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 increased by 3.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 84.5%, and 5+ bedroom homes decreased by 11.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Lago Mar | $306K | $310K | +1.3% |
| Plantation Acres | $1.1M | $1.0M | -6.6% |
Housing Supply in Lago Mar, FL
How many homes are available in Lago Mar, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Lago Mar real estate market had 13 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lago Mar 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
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 Lago Mar, 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 Lago Mar in October 2024, up by 50.0% month-over-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 Lago Mar, FL
How long does it take to sell a home in Lago Mar, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 28 Days | -19.2% |
Summary: Homes in Lago Mar had an average of 28 days on market in Oct 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lago Mar are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Lago Mar; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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