Is Lake Alfred, 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, Lake Alfred has remained a Seller's Market.
Key Takeaway
Lake Alfred is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Alfred, FL
How much do homes in Lake Alfred, FL cost?
Median Sold Price
$325,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lake Alfred have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Lake Alfred was $325,000 in May 2024, up 8.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $171K | -12.3% |
| 3 Bedrooms | $295.2K | $297.8K | +0.9% |
| 4 Bedrooms | $315.9K | $345K | +9.2% |
| 5+ Bedrooms | $387K | $416.4K | +7.6% |
Summary: Lake Alfred 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 12.3%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Lake Alfred | $300K | $325K | +8.3% |
| Winter Haven-Auburndale | $304.4K | $299.8K | -1.5% |
| Auburndale | $329.9K | $323.4K | -2.0% |
| Winter Haven | $307.6K | $299.9K | -2.5% |
Housing Supply in Lake Alfred, FL
How many homes are available in Lake Alfred, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 160 | 175 | +9.4% |
Summary: The Lake Alfred real estate market had 175 homes for sale in May 2024, a 9.4% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 52 | 61 | +17.3% |
| 4 Bedrooms | 86 | 90 | +4.7% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Lake Alfred 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 50%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 45 | +350.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Alfred, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 45 homes were sold or pending in Lake Alfred in May 2024, up by 350.0% month-over-month. Of the 45 sold homes, 27% were sold under asking, 44% were sold at asking, and 29% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 71 Days | +47.0% |
Summary: Homes in Lake Alfred had an average of 71 days on market in May 2024, up by 47% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Alfred are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 45 homes were sold in Lake Alfred; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.