$2,969 Closing Credit*
$250,000
2,148 SqFt
4 Beds
•3 Full Baths
GLADYS LUCAS, Listing Office: RICH LIFE REALTY 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 Last Month
Last month, Lake Forest was a Neutral Market.
Key Takeaway
Lake Forest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Forest, FL
How much do homes in Lake Forest, FL cost?
Median Sold Price
$126,000
$107/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$90,000(-41.7%)
Key Takeaway
Homes in Lake Forest have sold for 41.7% less than they did a month ago.
Summary: The median home sold price in Lake Forest was $126,000 in November 2024, down 41.7% from last month, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $136K | $100K | -26.5% |
| 4 Bedrooms | $242K | $142.7K | -41.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lake Forest housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26.5%, 4 bedroom homes decreased by 41%, and 5+ bedroom homes did not change.
Housing Supply in Lake Forest, FL
How many homes are available in Lake Forest, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 29 | +11.5% |
Summary: The Lake Forest real estate market had 29 homes for sale in November 2024, a 11.5% increase 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Forest 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 increased by 26.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lake Forest in November 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 50 Days | -11.8% |
Summary: Homes in Lake Forest had an average of 50 days on market in Nov 2024, down by 11.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lake Forest has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Lake Forest; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
