$8,075 Closing Credit*
$679,990
2,748 SqFt
4 Beds
•3 Full Baths
Stephen Wood, Listing Office: HANOVER FAMILY BUILDERS LLC
Is Lake County, 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 County was a Seller's Market.
Key Takeaway
Lake County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake County, FL
How much do homes in Lake County, FL cost?
Median Sold Price
$375,133
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,306(+2.3%)
Key Takeaway
Homes in Lake County have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Lake County was $375,133 in October 2024, up 2.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $107.8K | $130K | +20.5% |
| 2 Bedrooms | $263.8K | $264.9K | 0.4% |
| 3 Bedrooms | $345K | $354.2K | +2.7% |
| 4 Bedrooms | $441K | $449.9K | +2.0% |
| 5+ Bedrooms | $576.6K | $594.9K | +3.2% |
Summary: Lake County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.5%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Counties
| Orange County | $400K | $425.5K | +6.4% |
| Seminole County | $390.2K | $409.1K | +4.8% |
| Volusia County | $339.9K | $350K | +3.0% |
| Lake County | $366.8K | $375.1K | +2.3% |
| Sumter County | $353.1K | $360K | +1.9% |
Housing Supply in Lake County, FL
How many homes are available in Lake County, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3,215 | 3,101 | -3.5% |
Summary: The Lake County real estate market had 3,101 homes for sale in October 2024, a 3.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 548 | 507 | -7.5% |
| 3 Bedrooms | 1,400 | 1,365 | -2.5% |
| 4 Bedrooms | 920 | 894 | -2.8% |
| 5+ Bedrooms | 337 | 324 | -3.9% |
Summary: The Lake County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 3.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 543 | 435 | -19.9% |
Asking Price vs. Sold Price
285 Homes Were Sold
Under Asking
105 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake County, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.
Summary: A total of 435 homes were sold or pending in Lake County in October 2024, down by 19.9% month-over-month. Of the 435 sold homes, 66% were sold under asking, 24% were sold at asking, and 10% were sold over asking.
Days on Market for Lake County, FL
How long does it take to sell a home in Lake County, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 60 Days | +42.8% |
Summary: Homes in Lake County had an average of 60 days on market in Oct 2024, up by 42.8% compared to last year.
Breakdown of Home Sale Times
200 Homes Were Sold
Under 30 Days
143 Homes Were Sold
In 30 - 90 Days
92 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 435 homes were sold in Lake County; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.