$2,316 Closing Credit*
$195,000
1,870 SqFt
3 Beds
•2 Full Baths
Brandon Rimes, Listing Office: KELLER WILLIAMS REALTY- PALM H
Is Lake Shores Estates, 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 Shores Estates has remained a Seller's Market.
Key Takeaway
Lake Shores Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Shores Estates, FL
How much do homes in Lake Shores Estates, FL cost?
Median Sold Price
$390,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+4.0%)
Key Takeaway
Homes in Lake Shores Estates have sold for 4% more than they did a year ago.
Summary: The median home sold price in Lake Shores Estates was $390,000 in November 2024, up 4% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | $145K | -49.8% |
| 2 Bedrooms | $255K | $342K | +34.1% |
| 3 Bedrooms | $405K | $419.9K | +3.7% |
| 4 Bedrooms | $501K | $880K | +75.6% |
| 5+ Bedrooms | $900K | $1.7M | +98.9% |
Summary: Lake Shores Estates housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.8%, 2 bedroom homes increased by 34.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 75.6%, and 5+ bedroom homes increased by 98.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Lake Shores Estates | $375K | $390K | +4.0% |
| Cobb's Landing | $862.4K | $800K | -7.2% |
Housing Supply in Lake Shores Estates, FL
How many homes are available in Lake Shores Estates, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Lake Shores Estates real estate market had 25 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lake Shores Estates housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 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 Shores Estates, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lake Shores Estates in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Shores Estates, FL
How long does it take to sell a home in Lake Shores Estates, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 110 Days | +277.2% |
Summary: Homes in Lake Shores Estates had an average of 110 days on market in Nov 2024, up by 277.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lake Shores Estates are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Lake Shores Estates; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.