Is Lake Nona South, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lake Nona South has remained a Seller's Market.
Housing Prices in Lake Nona South, FL
How much do homes in Lake Nona South, FL cost?
Median Sold Price
$683,750
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Nona South was $683,750 in May 2024, up 4.4% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $412.9K | $432.4K | +4.7% |
3 Bedrooms | $595K | $610K | +2.5% |
4 Bedrooms | $965K | $920K | -4.7% |
5+ Bedrooms | $1.1M | $1.2M | +6.8% |
Summary: Lake Nona South housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Neighborhoods
Lake Nona Central | $584.9K | $635K | +8.6% |
Lake Nona South | $655K | $683.7K | +4.4% |
Laureate Park | $720K | $742.5K | +3.1% |
Housing Supply in Lake Nona South, FL
How many homes are available in Lake Nona South, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 71 | -1.4% |
Summary: The Lake Nona South real estate market had 71 homes for sale in May 2024, a 1.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 18 | -14.3% |
3 Bedrooms | 28 | 28 | 0.0% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Lake Nona South housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 15 | -21.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lake Nona South in May 2024, down by 21.1% month-over-month. Of the 15 sold homes, 87% were sold under asking, 7% were sold at asking, and 7% were sold over asking.
Days on Market for Lake Nona South, FL
How long does it take to sell a home in Lake Nona South, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 92 Days | +135.1% |
Summary: Homes in Lake Nona South had an average of 92 days on market in May 2024, up by 135.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Lake Nona South; 40% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.