$6,530 Closing Credit*
$549,897
2,322 SqFt
5 Beds
•3 Full Baths
Cesar Estrada, PA, Listing Office: EXP REALTY LLC
Is Lake Mary, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lake Mary has remained a Seller's Market.
Key Takeaway
Lake Mary is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Mary, FL
How much do homes in Lake Mary, FL cost?
Median Sold Price
$479,283
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,283(+5.3%)
Key Takeaway
Homes in Lake Mary have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Lake Mary was $479,283 in November 2024, up 5.3% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $161.5K | -5.0% |
| 2 Bedrooms | $259.9K | $260K | 0.0% |
| 3 Bedrooms | $430K | $446K | +3.7% |
| 4 Bedrooms | $581K | $637.5K | +9.7% |
| 5+ Bedrooms | $1.0M | $852.4K | -16.1% |
Summary: Lake Mary housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 16.1%.
Median Sold Price Compared To Nearby Cities
| Casselberry-Altamonte Springs | $360.1K | $379.9K | +5.5% |
| Lake Mary | $455K | $479.2K | +5.3% |
| Sanford | $355.4K | $365K | +2.7% |
Housing Supply in Lake Mary, FL
How many homes are available in Lake Mary, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 254 | 227 | -10.6% |
Summary: The Lake Mary real estate market had 227 homes for sale in November 2024, a 10.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 35 | 34 | -2.9% |
| 3 Bedrooms | 82 | 73 | -11.0% |
| 4 Bedrooms | 104 | 89 | -14.4% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The Lake Mary 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 2.9%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 48 | -27.3% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Mary, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Lake Mary in November 2024, down by 27.3% month-over-month. Of the 48 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Lake Mary, FL
How long does it take to sell a home in Lake Mary, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 49 Days | +100.5% |
Summary: Homes in Lake Mary had an average of 49 days on market in Nov 2024, up by 100.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Mary are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 48 homes were sold in Lake Mary; 48% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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