$2,672 Closing Credit*
$224,999
1,056 SqFt
3 Beds
•1 Full Bath
Elizabeth Binder, Listing Office: REDFIN CORPORATION
Is Lake County, 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 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
$376,973
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,340(+2.8%)
Key Takeaway
Homes in Lake County have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Lake County was $376,973 in November 2024, up 2.8% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $130K | +18.2% |
| 2 Bedrooms | $260.2K | $266.7K | +2.5% |
| 3 Bedrooms | $345K | $354.9K | +2.9% |
| 4 Bedrooms | $443.6K | $449.9K | +1.4% |
| 5+ Bedrooms | $578.8K | $598.2K | +3.4% |
Summary: Lake County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Orange County | $404K | $427K | +5.7% |
| Seminole County | $391.1K | $409.5K | +4.7% |
| Lake County | $366.6K | $376.9K | +2.8% |
| Sumter County | $351.7K | $360.7K | +2.6% |
| Volusia County | $348.5K | $355K | +1.8% |
Housing Supply in Lake County, FL
How many homes are available in Lake County, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3,164 | 3,127 | -1.2% |
Summary: The Lake County real estate market had 3,127 homes for sale in November 2024, a 1.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 14 | +40.0% |
| 2 Bedrooms | 525 | 539 | +2.7% |
| 3 Bedrooms | 1,387 | 1,364 | -1.7% |
| 4 Bedrooms | 914 | 881 | -3.6% |
| 5+ Bedrooms | 328 | 329 | 0.3% |
Summary: The Lake County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 0.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 489 | 398 | -18.6% |
Asking Price vs. Sold Price
268 Homes Were Sold
Under Asking
93 Homes Were Sold
At Asking
37 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. 67.3% of homes here sold below asking price last month.
Summary: A total of 398 homes were sold or pending in Lake County in November 2024, down by 18.6% month-over-month. Of the 398 sold homes, 67% were sold under asking, 23% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 67 Days | +49.4% |
Summary: Homes in Lake County had an average of 67 days on market in Nov 2024, up by 49.4% compared to last year.
Breakdown of Home Sale Times
150 Homes Were Sold
Under 30 Days
142 Homes Were Sold
In 30 - 90 Days
106 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 November 2024, 398 homes were sold in Lake County; 38% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% 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.
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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.