Is Fruitland Park-Lady Lake, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fruitland Park-Lady Lake has remained a Seller's Market.
Housing Prices in Fruitland Park-Lady Lake, FL
How much do homes in Fruitland Park-Lady Lake, FL cost?
Median Sold Price
$290,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fruitland Park-Lady Lake was $290,000 in May 2024, down 7.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $215K | N/A |
2 Bedrooms | $255K | $229.5K | -10.0% |
3 Bedrooms | $330K | $335K | +1.5% |
4 Bedrooms | $390K | $365K | -6.4% |
5+ Bedrooms | $490K | $485K | -1.0% |
Summary: Fruitland Park-Lady Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
Fruitland Park | $325K | $340K | +4.6% |
The Villages | $385.3K | $379.5K | -1.5% |
Lady Lake | $320K | $309.4K | -3.3% |
Fruitland Park-Lady Lake | $315K | $290K | -7.9% |
Weirsdale | $445K | $340K | -23.6% |
Housing Supply in Fruitland Park-Lady Lake, FL
How many homes are available in Fruitland Park-Lady Lake, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
203 | 195 | -3.9% |
Summary: The Fruitland Park-Lady Lake real estate market had 195 homes for sale in May 2024, a 3.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 54 | 47 | -13.0% |
3 Bedrooms | 105 | 108 | +2.9% |
4 Bedrooms | 35 | 34 | -2.9% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Fruitland Park-Lady Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 34 | -20.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Fruitland Park-Lady Lake in May 2024, down by 20.9% month-over-month. Of the 34 sold homes, 74% were sold under asking, 15% were sold at asking, and 12% were sold over asking.
Days on Market for Fruitland Park-Lady Lake, FL
How long does it take to sell a home in Fruitland Park-Lady Lake, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 42 Days | -26.4% |
Summary: Homes in Fruitland Park-Lady Lake had an average of 42 days on market in May 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Fruitland Park-Lady Lake; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.