$7,244 Closing Credit*
$610,000
3,453 SqFt
5 Beds
•3 Full Baths
Jessica Lopez, Listing Office: EXP REALTY LLC
Is Land O Lakes, 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, Land O Lakes was a Seller's Market.
Key Takeaway
Land O Lakes is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Land O Lakes, FL
How much do homes in Land O Lakes, FL cost?
Median Sold Price
$409,971
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$14,965(-3.5%)
Key Takeaway
Homes in Land O Lakes have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Land O Lakes was $409,971 in October 2024, down 3.5% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $230K | +24.3% |
| 2 Bedrooms | $329K | $336.7K | +2.4% |
| 3 Bedrooms | $382.5K | $365.6K | -4.4% |
| 4 Bedrooms | $500.9K | $515.5K | +2.9% |
| 5+ Bedrooms | $644.9K | $620.6K | -3.8% |
Summary: Land O Lakes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Wesley Chapel | $409.4K | $431.4K | +5.4% |
| Lutz | $479.4K | $500K | +4.3% |
| Central Pasco | $408.7K | $415.6K | +1.7% |
| Land O Lakes | $424.9K | $409.9K | -3.5% |
Housing Supply in Land O Lakes, FL
How many homes are available in Land O Lakes, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 561 | 537 | -4.3% |
Summary: The Land O Lakes real estate market had 537 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 87 | 74 | -14.9% |
| 3 Bedrooms | 231 | 227 | -1.7% |
| 4 Bedrooms | 158 | 148 | -6.3% |
| 5+ Bedrooms | 83 | 85 | +2.4% |
Summary: The Land O Lakes housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.9%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 83 | -12.6% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Land O Lakes, expect to pay close to the asking price. 44.6% of homes here sold near the asking price last month.
Summary: A total of 83 homes were sold or pending in Land O Lakes in October 2024, down by 12.6% month-over-month. Of the 83 sold homes, 41% were sold under asking, 45% were sold at asking, and 14% were sold over asking.
Days on Market for Land O Lakes, FL
How long does it take to sell a home in Land O Lakes, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 46 Days | +47.4% |
Summary: Homes in Land O Lakes had an average of 46 days on market in Oct 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Land O Lakes are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 83 homes were sold in Land O Lakes; 47% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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