$2,090 Closing Credit*
$176,000
1,276 SqFt
3 Beds
•1 Full Bath
WILLIE SINGLETON, Listing Office: DREAM BIG REALTY OF JAX LLC
Is Lake Forest, 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 Forest was a Seller's Market.
Key Takeaway
Lake Forest 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 Forest, FL
How much do homes in Lake Forest, FL cost?
Median Sold Price
$177,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,250(+8.8%)
Key Takeaway
Homes in Lake Forest have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Lake Forest was $177,000 in October 2024, up 8.8% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $93.2K | - | N/A |
| 3 Bedrooms | $164.5K | $161.9K | -1.6% |
| 4 Bedrooms | $225K | $209.5K | -6.9% |
| 5+ Bedrooms | $212.5K | $258K | +21.4% |
Summary: Lake Forest 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 did not change, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 21.4%.
Housing Supply in Lake Forest, FL
How many homes are available in Lake Forest, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Summary: The Lake Forest real estate market had 25 homes for sale in October 2024, a 19.0% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Forest 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 increased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Forest, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lake Forest in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lake Forest, FL
How long does it take to sell a home in Lake Forest, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 57 Days | +92.1% |
Summary: Homes in Lake Forest had an average of 57 days on market in Oct 2024, up by 92.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lake Forest are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Lake Forest; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
