$10,000 Closing Credit*
$989,000
2,275 SqFt
3 Beds
•3 Full Baths
Joe Murphy, Listing Office: COLDWELL BANKER REALTY
Is Lakewood Ranch, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lakewood Ranch was a Seller's Market.
Key Takeaway
Lakewood Ranch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakewood Ranch, FL
How much do homes in Lakewood Ranch, FL cost?
Median Sold Price
$639,540
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,756(+3.4%)
Key Takeaway
Homes in Lakewood Ranch have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Lakewood Ranch was $639,540 in October 2024, up 3.4% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $1.9M | N/A |
| 2 Bedrooms | $519.9K | $480K | -7.7% |
| 3 Bedrooms | $566.3K | $609.7K | +7.7% |
| 4 Bedrooms | $690.6K | $710.4K | +2.9% |
| 5+ Bedrooms | $872.5K | $818.3K | -6.2% |
Summary: Lakewood Ranch 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 decreased by 7.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakewood Ranch | $618.7K | $639.5K | +3.4% |
| Greenbrook | $540K | $557.5K | +3.2% |
| Summerfield | $472.5K | $470K | -0.5% |
Housing Supply in Lakewood Ranch, FL
How many homes are available in Lakewood Ranch, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 496 | 489 | -1.4% |
Summary: The Lakewood Ranch real estate market had 489 homes for sale in October 2024, a 1.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 90 | 102 | +13.3% |
| 3 Bedrooms | 237 | 238 | 0.4% |
| 4 Bedrooms | 129 | 107 | -17.1% |
| 5+ Bedrooms | 40 | 42 | +5.0% |
Summary: The Lakewood Ranch 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 increased by 13.3%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 46 | -32.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakewood Ranch, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Lakewood Ranch in October 2024, down by 32.4% month-over-month. Of the 46 sold homes, 74% were sold under asking, 26% were sold at asking, and 0% were sold over asking.
Days on Market for Lakewood Ranch, FL
How long does it take to sell a home in Lakewood Ranch, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 90 Days | +90.5% |
Summary: Homes in Lakewood Ranch had an average of 90 days on market in Oct 2024, up by 90.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lakewood Ranch are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 46 homes were sold in Lakewood Ranch; 37% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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