Is Signature Lakes, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Signature Lakes is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Signature Lakes has remained a Seller's Market.

Key Takeaway

Signature Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Signature Lakes, FL

How much do homes in Signature Lakes, FL cost?

Median Sold Price

$283,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,000(+4.4%)

Key Takeaway

Homes in Signature Lakes have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Signature Lakes was $283,000 in November 2024, up 4.4% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$142.4K
N/A
2 $189.5K$166.5K
-12.1%
3 $247K$273.5K
+10.7%
4 $415K$412.5K
-0.6%
5+ $595K$865K
+45.4%

Summary: Signature Lakes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 45.4%.

Median Sold Price Compared To Nearby Neighborhoods

Signature Lakes
+4.4%
Horizon West
+3.2%

Housing Supply in Signature Lakes, FL

How many homes are available in Signature Lakes, FL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9593-2.1%

Summary: The Signature Lakes real estate market had 93 homes for sale in November 2024, a 2.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1615
-6.3%
3 4546
+2.2%
4 2118
-14.3%
5+ 1213
+8.3%

Summary: The Signature Lakes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1318+38.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Signature Lakes, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Signature Lakes in November 2024, up by 38.5% month-over-month. Of the 18 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for Signature Lakes, FL

How long does it take to sell a home in Signature Lakes, FL?

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days56 Days+64.6%

Summary: Homes in Signature Lakes had an average of 56 days on market in Nov 2024, up by 64.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Signature Lakes are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 18 homes were sold in Signature Lakes; 61% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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