$4,155 Closing Credit*
$349,900
1,765 SqFt
3 Beds
•2 Full Baths
Steve Mercer, Listing Office: MERCER REAL ESTATE
Is Leesburg, 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, Leesburg was a Seller's Market.
Key Takeaway
Leesburg 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 Leesburg, FL
How much do homes in Leesburg, FL cost?
Median Sold Price
$299,992
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$2(0%)
Key Takeaway
The sold price of homes in Leesburg has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.5K | $87.5K | +12.9% |
| 2 Bedrooms | $220K | $244.2K | +11.0% |
| 3 Bedrooms | $307.4K | $310K | +0.8% |
| 4 Bedrooms | $357.6K | $362.9K | +1.5% |
| 5+ Bedrooms | $427.9K | $400K | -6.5% |
Summary: Leesburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Fruitland Park-Lady Lake | $299.3K | $320K | +6.9% |
| Leesburg | $299.9K | $299.9K | 0% |
| Howey-in-the-Hills-Okahumpka | $330K | $319.9K | -3.0% |
| Fruitland Park | $351K | $340K | -3.1% |
| Sumterville | $407.5K | $384.9K | -5.5% |
Housing Supply in Leesburg, FL
How many homes are available in Leesburg, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 584 | 569 | -2.6% |
Summary: The Leesburg real estate market had 569 homes for sale in October 2024, a 2.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 168 | 145 | -13.7% |
| 3 Bedrooms | 301 | 320 | +6.3% |
| 4 Bedrooms | 90 | 81 | -10.0% |
| 5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The Leesburg 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 decreased by 13.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 93 | -7.9% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leesburg, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 93 homes were sold or pending in Leesburg in October 2024, down by 7.9% month-over-month. Of the 93 sold homes, 65% were sold under asking, 26% were sold at asking, and 10% were sold over asking.
Days on Market for Leesburg, FL
How long does it take to sell a home in Leesburg, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 61 Days | +43.4% |
Summary: Homes in Leesburg had an average of 61 days on market in Oct 2024, up by 43.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leesburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 93 homes were sold in Leesburg; 42% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
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