Is Chimney Lakes, 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, Chimney Lakes has remained a Seller's Market.
Housing Prices in Chimney Lakes, FL
How much do homes in Chimney Lakes, FL cost?
Median Sold Price
$319,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chimney Lakes was $319,000 in May 2024, down 3.3% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $257.9K | $245K | -5.0% |
3 Bedrooms | $316.9K | $295K | -6.9% |
4 Bedrooms | $365K | $369.7K | +1.3% |
5+ Bedrooms | $440K | $385K | -12.5% |
Summary: Chimney Lakes 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 5%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 12.5%.
Housing Supply in Chimney Lakes, FL
How many homes are available in Chimney Lakes, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
141 | 142 | +0.7% |
Summary: The Chimney Lakes real estate market had 142 homes for sale in May 2024, a 0.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 2 | -60.0% |
3 Bedrooms | 79 | 78 | -1.3% |
4 Bedrooms | 56 | 61 | +8.9% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Chimney Lakes 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 decreased by 60%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 24 | -27.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Chimney Lakes in May 2024, down by 27.3% month-over-month. Of the 24 sold homes, 58% were sold under asking, 38% were sold at asking, and 4% were sold over asking.
Days on Market for Chimney Lakes, FL
How long does it take to sell a home in Chimney Lakes, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 54 Days | -4.9% |
Summary: Homes in Chimney Lakes had an average of 54 days on market in May 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Chimney Lakes; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.