$4,995,000
4,350 SqFt
4 Beds
•4 Full Baths, 1 Partial
Dovi Ettedgui, Listing Office: The Corcoran Group
Is Lake Ida, 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 Ida was a Seller's Market.
Key Takeaway
Lake Ida 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 Ida, FL
How much do homes in Lake Ida, FL cost?
Median Sold Price
$1,877,500
$771/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$145,000(+8.4%)
Key Takeaway
Homes in Lake Ida have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Lake Ida was $1,877,500 in November 2024, up 8.4% from last year, and the median price per square foot was $771.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $1.0M | +2.7% |
| 3 Bedrooms | $1.4M | $1.5M | +3.8% |
| 4 Bedrooms | $2.5M | $2.3M | -8.7% |
| 5+ Bedrooms | $3.0M | $3.0M | -0.3% |
Summary: Lake Ida housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 0.3%.
Housing Supply in Lake Ida, FL
How many homes are available in Lake Ida, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Summary: The Lake Ida real estate market had 33 homes for sale in November 2024, a 26.9% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Lake Ida 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 decreased by 66.7%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 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 Ida, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lake Ida in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Ida, FL
How long does it take to sell a home in Lake Ida, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 47 Days | +574.3% |
Summary: Homes in Lake Ida had an average of 47 days on market in Nov 2024, up by 574.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lake Ida are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Lake Ida; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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