$10,000 Closing Credit*
$869,995
2,786 SqFt
5 Beds
•3 Full Baths, 1 Partial
Scott Brazdo, Listing Office: EXP REALTY LLC
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 November 2023
At the same time last year, Lake Nona South was a Seller's Market.
Key Takeaway
Lake Nona South 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 Nona South, FL
How much do homes in Lake Nona South, FL cost?
Median Sold Price
$670,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$15,000(-2.2%)
Key Takeaway
Homes in Lake Nona South have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Lake Nona South was $670,000 in November 2024, down 2.2% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $412K | $447.5K | +8.6% |
| 3 Bedrooms | $602.5K | $600K | -0.4% |
| 4 Bedrooms | $878K | $925K | +5.4% |
| 5+ Bedrooms | $1.3M | $1.1M | -12.2% |
Summary: Lake Nona South 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 8.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Neighborhoods
| City of Orlando / GOAA | $506.9K | $833.1K | +64.4% |
| Lake Nona Central | $494.9K | $643.5K | +30.0% |
| Laureate Park | $720K | $715.5K | -0.6% |
| Lake Nona South | $685K | $670K | -2.2% |
Housing Supply in Lake Nona South, FL
How many homes are available in Lake Nona South, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 67 | -4.3% |
Summary: The Lake Nona South real estate market had 67 homes for sale in November 2024, a 4.3% decrease 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 | 12 | 12 | 0.0% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Lake Nona South 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 decreased by 5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
9 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 Nona South, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lake Nona South in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 63 Days | +30.7% |
Summary: Homes in Lake Nona South had an average of 63 days on market in Nov 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Nona South are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Lake Nona South; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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