$3,919 Closing Credit*
$330,000
1,152 SqFt
3 Beds
•2 Full Baths
Kevin M Spina, Listing Office: The Keyes Company (PBG)
Is Lake Park / Kelsey City, 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 Park / Kelsey City has remained a Buyer's Market.
Key Takeaway
Lake Park / Kelsey City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Park / Kelsey City, FL
How much do homes in Lake Park / Kelsey City, FL cost?
Median Sold Price
$405,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+5.2%)
Key Takeaway
Homes in Lake Park / Kelsey City have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Lake Park / Kelsey City was $405,000 in November 2024, up 5.2% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $165.1K | +17.9% |
| 2 Bedrooms | $347.5K | $330K | -5.0% |
| 3 Bedrooms | $417.5K | $442K | +5.9% |
| 4 Bedrooms | $536K | $518K | -3.4% |
| 5+ Bedrooms | $508K | $575K | +13.2% |
Summary: Lake Park / Kelsey City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in Lake Park / Kelsey City, FL
How many homes are available in Lake Park / Kelsey City, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 63 | +16.7% |
Summary: The Lake Park / Kelsey City real estate market had 63 homes for sale in November 2024, a 16.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 30 | 38 | +26.7% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lake Park / Kelsey City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Park / Kelsey City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Lake Park / Kelsey City in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Park / Kelsey City, FL
How long does it take to sell a home in Lake Park / Kelsey City, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 98 Days | +659.0% |
Summary: Homes in Lake Park / Kelsey City had an average of 98 days on market in Nov 2024, up by 659% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lake Park / Kelsey City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 3 homes were sold in Lake Park / Kelsey City; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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