Is Lakewood Acres / Oakwood, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakewood Acres / Oakwood is a 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

# BEDSSep 2023Sep 2024CHANGE
1 $60K-
N/A
2 $192K$293K
+52.6%
3 $308.5K$280K
-9.2%
4 $170K$445K
+161.8%
5+ $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
+23.0%
Meadow Oaks
+2.9%
Sunnydale
-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 2024Sep 2024CHANGE
811+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

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 37
+133.3%
4 43
-25.0%
5+ 11
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 2024Sep 2024CHANGE
02+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

Asking vs Sold - buyer

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 2023Sep 2024CHANGE
2 Days5 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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