$8,004 Closing Credit*
$674,000
2,718 SqFt
4 Beds
•3 Full Baths
Jessica Peterson, Listing Office: EXP REALTY LLC
Is Lakewood Ranch, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$641,428
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,451(+2.8%)
Key Takeaway
Homes in Lakewood Ranch have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Lakewood Ranch was $641,428 in November 2024, up 2.8% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.9M | - | N/A |
| 2 Bedrooms | $525K | $480K | -8.6% |
| 3 Bedrooms | $563.1K | $621.8K | +10.4% |
| 4 Bedrooms | $692.7K | $711.8K | +2.8% |
| 5+ Bedrooms | $855K | $802.7K | -6.1% |
Summary: Lakewood Ranch 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 decreased by 8.6%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakewood Ranch | $623.9K | $641.4K | +2.8% |
| Greenbrook | $537.5K | $550K | +2.3% |
| Summerfield | $469.5K | $475K | +1.2% |
Housing Supply in Lakewood Ranch, FL
How many homes are available in Lakewood Ranch, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 483 | 524 | +8.5% |
Summary: The Lakewood Ranch real estate market had 524 homes for sale in November 2024, a 8.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 99 | 111 | +12.1% |
| 3 Bedrooms | 232 | 261 | +12.5% |
| 4 Bedrooms | 108 | 106 | -1.9% |
| 5+ Bedrooms | 44 | 46 | +4.5% |
Summary: The Lakewood Ranch 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 12.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 49 | -15.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lakewood Ranch, you may be able to get a good deal. 67.3% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Lakewood Ranch in November 2024, down by 15.5% month-over-month. Of the 49 sold homes, 67% were sold under asking, 31% were sold at asking, and 2% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 85 Days | +136.3% |
Summary: Homes in Lakewood Ranch had an average of 85 days on market in Nov 2024, up by 136.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakewood Ranch are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 49 homes were sold in Lakewood Ranch; 35% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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