Is Leesburg, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Leesburg has remained a Seller's Market.
Key Takeaway
Leesburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leesburg, FL
How much do homes in Leesburg, FL cost?
Median Sold Price
$300,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Leesburg have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Leesburg was $300,000 in May 2024, up 1.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $86.2K | +15.0% |
| 2 Bedrooms | $215.1K | $234.9K | +9.2% |
| 3 Bedrooms | $308.5K | $310K | 0.5% |
| 4 Bedrooms | $363.9K | $359K | -1.4% |
| 5+ Bedrooms | $473K | $389K | -17.7% |
Summary: Leesburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 17.7%.
Median Sold Price Compared To Nearby Cities
| Sumterville | $360K | $400K | +11.1% |
| Fruitland Park | $325K | $340K | +4.6% |
| Leesburg | $294.6K | $300K | +1.8% |
| Howey-in-the-Hills-Okahumpka | $331.3K | $328K | -1.0% |
| Fruitland Park-Lady Lake | $315K | $290K | -7.9% |
Housing Supply in Leesburg, FL
How many homes are available in Leesburg, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 542 | 539 | -0.6% |
Summary: The Leesburg real estate market had 539 homes for sale in May 2024, a 0.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 167 | 153 | -8.4% |
| 3 Bedrooms | 290 | 294 | +1.4% |
| 4 Bedrooms | 67 | 75 | +11.9% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Leesburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 116 | 100 | -13.8% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leesburg, you may be able to get a good deal. 61% of homes here sold below asking price last month.
Summary: A total of 100 homes were sold or pending in Leesburg in May 2024, down by 13.8% month-over-month. Of the 100 sold homes, 61% were sold under asking, 26% were sold at asking, and 13% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 71 Days | +32.9% |
Summary: Homes in Leesburg had an average of 71 days on market in May 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
25 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 May 2024, 100 homes were sold in Leesburg; 48% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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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.