$16,500
0.24 Acres
Land
#310294, Listing Office: CENTURY 21 Lake & Land Myers Realty
Is Lake Placid, 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 Placid was a Seller's Market.
Key Takeaway
Lake Placid is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Placid, FL
How much do homes in Lake Placid, FL cost?
Median Sold Price
$275,333
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$333(+0.1%)
Key Takeaway
The sold price of homes in Lake Placid has remained the same since last year.
Summary: The median home sold price in Lake Placid was $275,333 in November 2024, up 0.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $147K | -34.7% |
| 2 Bedrooms | $219K | $226K | +3.2% |
| 3 Bedrooms | $290K | $300K | +3.4% |
| 4 Bedrooms | $419.5K | $477.5K | +13.8% |
| 5+ Bedrooms | $612.5K | $594K | -3.0% |
Summary: Lake Placid housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 3%.
Housing Supply in Lake Placid, FL
How many homes are available in Lake Placid, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 223 | 246 | +10.3% |
Summary: The Lake Placid real estate market had 246 homes for sale in November 2024, a 10.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 72 | 80 | +11.1% |
| 3 Bedrooms | 113 | 122 | +8.0% |
| 4 Bedrooms | 31 | 33 | +6.5% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Lake Placid housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 11 | -57.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Placid, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lake Placid in November 2024, down by 57.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 36% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Placid, FL
How long does it take to sell a home in Lake Placid, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 63 Days | 58 Days | -7.2% |
Summary: Homes in Lake Placid had an average of 58 days on market in Nov 2024, down by 7.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Placid are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Lake Placid; 64% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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