$3,266 Closing Credit*
$275,000
1,591 SqFt
3 Beds
•2 Full Baths
Tyechia Johnson, Listing Office: MCO REALTY
Is Lake Alfred, 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, Lake Alfred was a Buyer's Market.
Key Takeaway
Lake Alfred is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lake Alfred, FL
How much do homes in Lake Alfred, FL cost?
Median Sold Price
$351,990
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,990(+17.3%)
Key Takeaway
Homes in Lake Alfred have sold for 17.3% more than they did a year ago.
Summary: The median home sold price in Lake Alfred was $351,990 in November 2024, up 17.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $168.2K | $184.7K | +9.8% |
| 3 Bedrooms | $295K | $313.9K | +6.4% |
| 4 Bedrooms | $325K | $357.9K | +10.2% |
| 5+ Bedrooms | $389.4K | $437K | +12.2% |
Summary: Lake Alfred 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 increased by 9.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Lake Alfred | $300K | $351.9K | +17.3% |
| Winter Haven-Auburndale | $304.9K | $302.6K | -0.8% |
| Auburndale | $329.9K | $325K | -1.5% |
| Winter Haven | $304.7K | $300K | -1.6% |
Housing Supply in Lake Alfred, FL
How many homes are available in Lake Alfred, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 177 | 156 | -11.9% |
Summary: The Lake Alfred real estate market had 156 homes for sale in November 2024, a 11.9% decrease 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 | 67 | 60 | -10.4% |
| 4 Bedrooms | 90 | 78 | -13.3% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Lake Alfred 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 decreased by 10.4%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 26 | -25.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Alfred, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Lake Alfred in November 2024, down by 25.7% month-over-month. Of the 26 sold homes, 54% were sold under asking, 42% were sold at asking, and 4% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 65 Days | 92 Days | +42.1% |
Summary: Homes in Lake Alfred had an average of 92 days on market in Nov 2024, up by 42.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Alfred are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 26 homes were sold in Lake Alfred; 38% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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