Is Lake Alfred, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lake Alfred was a Seller's Market.
Housing Prices in Lake Alfred, FL
How much do homes in Lake Alfred, FL cost?
Median Sold Price
$291,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Alfred was $291,000 in April 2024, down 3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $157.5K | -19.2% |
3 Bedrooms | $298.9K | $282K | -5.7% |
4 Bedrooms | $304.9K | $338.5K | +11.0% |
5+ Bedrooms | $393.5K | $389.4K | -1.0% |
Summary: Lake Alfred housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.2%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
Winter Haven-Auburndale | $301.6K | $299.9K | -0.6% |
Auburndale | $329.9K | $324.9K | -1.5% |
Winter Haven | $307.8K | $300.1K | -2.5% |
Lake Alfred | $300K | $291K | -3.0% |
Housing Supply in Lake Alfred, FL
How many homes are available in Lake Alfred, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 51 | +8.5% |
Summary: The Lake Alfred real estate market had 51 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 24 | 28 | +16.7% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lake Alfred housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lake Alfred in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Alfred, FL
How long does it take to sell a home in Lake Alfred, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 47 Days | -37.6% |
Summary: Homes in Lake Alfred had an average of 47 days on market in Apr 2024, down by 37.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Lake Alfred; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.