$7,422 Closing Credit*
$625,000
2,087 SqFt
3 Beds
•2 Full Baths
John Mamo, Listing Office: KW REALTY ELITE PARTNERS
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 September 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
$299,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$56,000(+23.0%)
Key Takeaway
Homes in Lakewood Acres / Oakwood have sold for 23% more than they did a year ago.
Summary: The median home sold price in Lakewood Acres / Oakwood was $299,000 in September 2024, up 23% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | - | N/A |
| 2 Bedrooms | $192K | $293K | +52.6% |
| 3 Bedrooms | $308.5K | $280K | -9.2% |
| 4 Bedrooms | $170K | $445K | +161.8% |
| 5+ Bedrooms | $670K | $395K | -41.0% |
Summary: Lakewood Acres / Oakwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.6%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 161.8%, and 5+ bedroom homes decreased by 41%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakewood Acres / Oakwood | $243K | $299K | +23.0% |
| Meadow Oaks | $280K | $288.2K | +2.9% |
| Sunnydale | $180K | $165K | -8.3% |
Housing Supply in Lakewood Acres / Oakwood, FL
How many homes are available in Lakewood Acres / Oakwood, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Lakewood Acres / Oakwood real estate market had 11 homes for sale in September 2024, a 37.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 7 | +133.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lakewood Acres / Oakwood housing inventory by bedroom type for September 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 133.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 2 homes were sold or pending in Lakewood Acres / Oakwood in September 2024, up by 100.0% month-over-month. Of the 2 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 2 Days | 5 Days | +87.5% |
Summary: Homes in Lakewood Acres / Oakwood had an average of 5 days on market in Sep 2024, up by 87.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were 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 September 2024, 2 homes were sold in Lakewood Acres / Oakwood; 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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