$9,975 Closing Credit*
$840,000
3,143 SqFt
5 Beds
•3 Full Baths, 1 Partial
Robert Morales PA, Listing Office: United Realty Group Inc.
Is Monarch Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Monarch Lakes has remained a Buyer's Market.
Key Takeaway
Monarch Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Monarch Lakes, FL
How much do homes in Monarch Lakes, FL cost?
Median Sold Price
$805,000
$281/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$310,000(-27.8%)
Key Takeaway
Homes in Monarch Lakes have sold for 27.8% less than they did a month ago.
Summary: The median home sold price in Monarch Lakes was $805,000 in October 2024, down 27.8% from last month, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $520K | N/A |
| 4 Bedrooms | - | $810K | N/A |
| 5+ Bedrooms | $1.1M | - | N/A |
Summary: Monarch Lakes housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Monarch Lakes, FL
How many homes are available in Monarch Lakes, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 29 | +20.8% |
Summary: The Monarch Lakes real estate market had 29 homes for sale in October 2024, a 20.8% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Monarch Lakes 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 remained the same, 3 bedroom homes increased by 71.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monarch Lakes, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Monarch Lakes in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Monarch Lakes, FL
How long does it take to sell a home in Monarch Lakes, FL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 Days | 33 Days | -76.4% |
Summary: Homes in Monarch Lakes had an average of 33 days on market in Oct 2024, down by 76.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Monarch Lakes has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Monarch Lakes; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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