$10,000 Closing Credit*
$1,895,000
3,966 SqFt
7 Beds
•5 Full Baths
Adrian Cortez, Listing Office: Serhant
Is Sunset Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Sunset Lakes was a Neutral Market.
Key Takeaway
Sunset Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sunset Lakes, FL
How much do homes in Sunset Lakes, FL cost?
Median Sold Price
$969,500
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$19,500(+2.1%)
Key Takeaway
Homes in Sunset Lakes have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Sunset Lakes was $969,500 in August 2024, up 2.1% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $450K | N/A |
| 3 Bedrooms | $597.5K | $564.5K | -5.5% |
| 4 Bedrooms | $781K | $870K | +11.4% |
| 5+ Bedrooms | $1.0M | $1.1M | +6.7% |
Summary: Sunset Lakes housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in Sunset Lakes, FL
How many homes are available in Sunset Lakes, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The Sunset Lakes real estate market had 31 homes for sale in August 2024, a 10.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Sunset Lakes housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sunset Lakes, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Sunset Lakes in August 2024, up by 80.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for Sunset Lakes, FL
How long does it take to sell a home in Sunset Lakes, FL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 32 Days | 61 Days | +88.8% |
Summary: Homes in Sunset Lakes had an average of 61 days on market in Aug 2024, up by 88.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunset Lakes are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 9 homes were sold in Sunset Lakes; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.