$6,234 Closing Credit*
$525,000
2,480 SqFt
4 Beds
•2 Full Baths, 1 Partial
Abbas Sultanali, Listing Office: ALPHA EQUITY REALTY & MANAGEMENT INC
Is Sanford, 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, Sanford was a Seller's Market.
Key Takeaway
Sanford 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 Sanford, FL
How much do homes in Sanford, FL cost?
Median Sold Price
$369,990
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,990(+4.2%)
Key Takeaway
Homes in Sanford have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Sanford was $369,990 in October 2024, up 4.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $168.7K | +16.4% |
| 2 Bedrooms | $250K | $250K | 0.0% |
| 3 Bedrooms | $330K | $328.1K | -0.6% |
| 4 Bedrooms | $430K | $444.9K | +3.5% |
| 5+ Bedrooms | $565K | $579K | +2.5% |
Summary: Sanford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Sanford | $354.9K | $369.9K | +4.2% |
| Lake Mary | $462.6K | $479.7K | +3.7% |
Housing Supply in Sanford, FL
How many homes are available in Sanford, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 527 | 502 | -4.7% |
Summary: The Sanford real estate market had 502 homes for sale in October 2024, a 4.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 72 | 74 | +2.8% |
| 3 Bedrooms | 231 | 222 | -3.9% |
| 4 Bedrooms | 173 | 161 | -6.9% |
| 5+ Bedrooms | 45 | 39 | -13.3% |
Summary: The Sanford 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 increased by 2.8%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 73 | -29.8% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sanford, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.
Summary: A total of 73 homes were sold or pending in Sanford in October 2024, down by 29.8% month-over-month. Of the 73 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for Sanford, FL
How long does it take to sell a home in Sanford, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 49 Days | +58.7% |
Summary: Homes in Sanford had an average of 49 days on market in Oct 2024, up by 58.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sanford are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 73 homes were sold in Sanford; 51% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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