$5,094 Closing Credit*
$429,000
2,168 SqFt
4 Beds
•3 Full Baths, 1 Partial
Latrice Singleton-Vielot, Listing Office: KELLER WILLIAMS ADVANTAGE REALTY
Is Lake Mary, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$479,734
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,043(+3.7%)
Key Takeaway
Homes in Lake Mary have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Lake Mary was $479,734 in October 2024, up 3.7% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $163.5K | -3.8% |
| 2 Bedrooms | $259.9K | $259.9K | 0.0% |
| 3 Bedrooms | $430K | $445.3K | +3.6% |
| 4 Bedrooms | $580K | $635K | +9.5% |
| 5+ Bedrooms | $1.0M | $857.5K | -15.7% |
Summary: Lake Mary housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 15.7%.
Median Sold Price Compared To Nearby Cities
| Casselberry-Altamonte Springs | $359.9K | $379.8K | +5.5% |
| Sanford | $354.9K | $369.9K | +4.2% |
| Lake Mary | $462.6K | $479.7K | +3.7% |
Housing Supply in Lake Mary, FL
How many homes are available in Lake Mary, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 265 | 273 | +3.0% |
Summary: The Lake Mary real estate market had 273 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 36 | 39 | +8.3% |
| 3 Bedrooms | 86 | 89 | +3.5% |
| 4 Bedrooms | 106 | 108 | +1.9% |
| 5+ Bedrooms | 26 | 24 | -7.7% |
Summary: The Lake Mary housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 61 | +52.5% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 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. 68.9% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Lake Mary in October 2024, up by 52.5% month-over-month. Of the 61 sold homes, 69% were sold under asking, 21% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 40 Days | +22.4% |
Summary: Homes in Lake Mary had an average of 40 days on market in Oct 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
10 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 October 2024, 61 homes were sold in Lake Mary; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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