Is Lakewood Estates, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakewood Estates is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Lakewood Estates was a Seller's Market.

Key Takeaway

Lakewood Estates is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lakewood Estates, FL

How much do homes in Lakewood Estates, FL cost?

Median Sold Price

$490,000

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+6.5%)

Key Takeaway

Homes in Lakewood Estates have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Lakewood Estates was $490,000 in November 2024, up 6.5% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $268K$430K
+60.4%
3 $440K$475K
+8.0%
4 $542.5K$661.2K
+21.9%
5+ $587K$692K
+17.9%

Summary: Lakewood Estates housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.4%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 17.9%.

Median Sold Price Compared To Nearby Neighborhoods

Lakewood Estates
+6.5%
Maximo
-5.7%

Housing Supply in Lakewood Estates, FL

How many homes are available in Lakewood Estates, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1415+7.1%

Summary: The Lakewood Estates real estate market had 15 homes for sale in November 2024, a 7.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 54
-20.0%
4 66
0.0%
5+ 01
+100.0%

Summary: The Lakewood Estates housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakewood Estates, 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 Lakewood Estates in November 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 Lakewood Estates, FL

How long does it take to sell a home in Lakewood Estates, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days90 Days+143.2%

Summary: Homes in Lakewood Estates had an average of 90 days on market in Nov 2024, up by 143.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lakewood Estates are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Lakewood Estates; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 27 Days Ago

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