$712 Closing Credit*
$59,999
1,152 SqFt
2 Beds
•2 Full Baths
Michael Garcia, Listing Office: LPT 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 October 2023
At the same time last year, Lake Alfred was a Buyer's Market.
Key Takeaway
Lake Alfred is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Alfred, FL
How much do homes in Lake Alfred, FL cost?
Median Sold Price
$352,890
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,990(+18.1%)
Key Takeaway
Homes in Lake Alfred have sold for 18.1% more than they did a year ago.
Summary: The median home sold price in Lake Alfred was $352,890 in October 2024, up 18.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179K | $184.7K | +3.2% |
| 3 Bedrooms | $293.2K | $312.9K | +6.7% |
| 4 Bedrooms | $317.4K | $357.9K | +12.8% |
| 5+ Bedrooms | $388.2K | $439.1K | +13.1% |
Summary: Lake Alfred 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 3.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Lake Alfred | $298.9K | $352.8K | +18.1% |
| Winter Haven-Auburndale | $304.9K | $301.3K | -1.2% |
| Auburndale | $329.9K | $324.9K | -1.5% |
| Winter Haven | $304.9K | $300K | -1.6% |
Housing Supply in Lake Alfred, FL
How many homes are available in Lake Alfred, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 192 | 167 | -13.0% |
Summary: The Lake Alfred real estate market had 167 homes for sale in October 2024, a 13.0% 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 | 73 | 61 | -16.4% |
| 4 Bedrooms | 99 | 87 | -12.1% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Lake Alfred 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 16.4%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Alfred, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Lake Alfred in October 2024, down by 19.4% month-over-month. Of the 29 sold homes, 52% were sold under asking, 41% were sold at asking, and 7% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 123 Days | +172.2% |
Summary: Homes in Lake Alfred had an average of 123 days on market in Oct 2024, up by 172.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lake Alfred are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 29 homes were sold in Lake Alfred; 21% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 41% 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.