Is Lakewood Ranch a Buyer’s or Seller’s Market Right Now
Is Lakewood Ranch a Buyer’s or Seller’s Market Right Now? Here’s What You Need to Know
If you’re considering buying or selling a home in Lakewood Ranch, Florida, staying up to date with the latest real estate trends is crucial. The market is always shifting, and understanding current home prices, inventory levels, and buyer demand can help you make the best decision.
In December 2024, Lakewood Ranch’s housing market showed signs of stability, with modest price increases, longer selling times, and strong buyer activity. But what does this mean for you? Are home prices expected to rise or fall? Is it a good time to buy, or should you wait?
This Lakewood Ranch real estate market report breaks down everything you need to know, from median home prices to negotiation trends and local community comparisons. Whether you're looking for a luxury home in Lakewood Ranch Country Club or a family-friendly neighborhood in Greenbrook, we’ll help you make sense of the numbers in a way that’s easy to understand.
Let’s dive into the latest Lakewood Ranch housing market trends and what they mean for homebuyers and sellers in 2025.
In December 2024, the median price for homes sold in Lakewood Ranch was $640,000, which is a 2.4% increase from the previous year. This means that half of the homes sold for less than $640,000, and the other half sold for more. On average, homes were priced at $293 per square foot.
Market Conditions: Balanced Supply and Demand
The housing market in Lakewood Ranch is currently neutral. This means that the number of homes available for sale is about the same as the number of people looking to buy. A neutral market often leads to stable prices and typical selling times.
Housing Supply: More Homes Available
There were 532 homes listed for sale in December 2024, which is a 1.7% increase from November 2024. This slight rise in available homes gives buyers more options to choose from.
Homes Sold: A Significant Increase
In December 2024, 85 homes were sold or were pending sale in Lakewood Ranch. This is a 28.8% jump from November 2024, indicating a busy market during this period.
Selling Prices: Room for Negotiation
Out of the 85 homes sold in December 2024, 82.4% sold for less than the asking price, 14% sold at the asking price, and 3.5% sold for more than the asking price. This suggests that buyers often have the opportunity to negotiate prices.
Time on Market: Homes Taking Longer to Sell
Homes in Lakewood Ranch took an average of 89 days to sell in December 2024, which is a 55.2% increase from the previous year. This means homes are staying on the market longer before being sold.
Price Trends by Number of Bedrooms
The change in median sold prices from December 2023 to December 2024 varied by the number of bedrooms:
- 2 Bedrooms: Prices decreased by 7.0%.
- 3 Bedrooms: Prices increased by 10.6%.
- 4 Bedrooms: Prices increased by 4.0%.
- 5 or More Bedrooms: Prices decreased by 5.8%.
This shows that while some larger homes have become more expensive, others have seen price drops.
Comparing Nearby Communities
Different areas around Lakewood Ranch have experienced various changes in median sold prices over the past year:
- Greenbrook: Prices increased by 1.9%.
- Summerfield: Prices remained the same.
- Lakewood Ranch Country Club: Prices decreased by 9.6%.
- Country Club East: Prices decreased by 8.4%.
These variations highlight the unique market dynamics in each community.
The housing market in Lakewood Ranch, Florida, is experiencing a period of stability with a balanced supply and demand. While overall home prices have seen a modest increase, the extended time homes remain on the market and the prevalence of sales below asking price suggest opportunities for buyers to negotiate favorable deals. As always, it's essential to stay informed about local market trends to make the best decisions when buying or selling a home.
For more detailed information, you can visit the original article here: Lakewood Ranch Housing Market Report December 2024
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Adam Miller
Real Broker, LLC
*Some of our blogs were written with AI's assistance.
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