$899,000
1.09 Acres
Land
Listing Office: Insight Realty Network Powered by Sellstate
Is Lakewood Acres / Oakwood, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lakewood Acres / Oakwood has remained a Seller's Market.
Key Takeaway
Lakewood Acres / Oakwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lakewood Acres / Oakwood, FL
How much do homes in Lakewood Acres / Oakwood, FL cost?
Median Sold Price
$346,250
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$123,650(+55.5%)
Key Takeaway
Homes in Lakewood Acres / Oakwood have sold for 55.5% more than they did a year ago.
Summary: The median home sold price in Lakewood Acres / Oakwood was $346,250 in October 2024, up 55.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $170K | $293K | +72.4% |
| 3 Bedrooms | $300K | $299K | -0.3% |
| 4 Bedrooms | $194.9K | $445K | +128.3% |
| 5+ Bedrooms | $670K | $395K | -41.0% |
Summary: Lakewood Acres / Oakwood 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 72.4%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 128.3%, and 5+ bedroom homes decreased by 41%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakewood Acres / Oakwood | $222.6K | $346.2K | +55.5% |
| Meadow Oaks | $271.2K | $297.7K | +9.8% |
Housing Supply in Lakewood Acres / Oakwood, FL
How many homes are available in Lakewood Acres / Oakwood, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Lakewood Acres / Oakwood real estate market had 10 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lakewood Acres / Oakwood 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 remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
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 Lakewood Acres / Oakwood, 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 Lakewood Acres / Oakwood in October 2024, up by 50.0% 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 Lakewood Acres / Oakwood, FL
How long does it take to sell a home in Lakewood Acres / Oakwood, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 74 Days | +1544.4% |
Summary: Homes in Lakewood Acres / Oakwood had an average of 74 days on market in Oct 2024, up by 1544.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lakewood Acres / Oakwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Lakewood Acres / Oakwood; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.