$9,375 Closing Credit*
$789,500
1,359 SqFt
Nissan Shukrie, Listing Office: The Real Estate Club LLC
Is Lake Ridge, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lake Ridge was a Seller's Market.
Key Takeaway
Lake Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake Ridge, FL
How much do homes in Lake Ridge, FL cost?
Median Sold Price
$799,000
$392/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+2.4%)
Key Takeaway
Homes in Lake Ridge have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Lake Ridge was $799,000 in October 2024, up 2.4% from last year, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | - | N/A |
| 2 Bedrooms | $544.5K | $607.4K | +11.6% |
| 3 Bedrooms | $842.5K | $802K | -4.8% |
| 4 Bedrooms | $1.0M | $855K | -18.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Lake Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes did not change.
Housing Supply in Lake Ridge, FL
How many homes are available in Lake Ridge, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Summary: The Lake Ridge real estate market had 17 homes for sale in October 2024, a 22.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was 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 Ridge, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lake Ridge in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Ridge, FL
How long does it take to sell a home in Lake Ridge, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 20 Days | -62.3% |
Summary: Homes in Lake Ridge had an average of 20 days on market in Oct 2024, down by 62.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Ridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Lake Ridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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