Is Lecanto, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lecanto was a Seller's Market.
Housing Prices in Lecanto, FL
How much do homes in Lecanto, FL cost?
Median Sold Price
$290,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lecanto was $290,000 in May 2024, down 7.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $45K | N/A |
2 Bedrooms | $280K | $205K | -26.8% |
3 Bedrooms | $310K | $286.5K | -7.6% |
4 Bedrooms | $361.5K | $352.2K | -2.6% |
5+ Bedrooms | $398.5K | - | N/A |
Summary: Lecanto 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 26.8%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Beverly Hills | $238.9K | $279.4K | +16.9% |
Hernando | $346.8K | $335K | -3.4% |
Homosassa | $343.5K | $320.9K | -6.6% |
Lecanto | $312K | $290K | -7.1% |
Floral City | $285K | $259K | -9.1% |
Housing Supply in Lecanto, FL
How many homes are available in Lecanto, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 53 | 0.0% |
Summary: The Lecanto real estate market had 53 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 29 | 28 | -3.4% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lecanto housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 2 | -81.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lecanto in May 2024, down by 81.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lecanto, FL
How long does it take to sell a home in Lecanto, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 5 Days | -90.4% |
Summary: Homes in Lecanto had an average of 5 days on market in May 2024, down by 90.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Lecanto; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.