The Land O’ Lakes real estate market is currently trending down, with the median listing home price decreasing by 6% year-over-year in May 2023. This is likely due to a number of factors, including rising interest rates and a decrease in demand from out-of-state buyers.
With the decline in prices, there are a number of great deals to be found in Land O’ Lakes. The median listing home price is still well above the national average, and there are a variety of neighborhoods to choose from.
Here are some of the key data points for the Land O’ Lakes real estate market in May 2023:
- Median listing home price: $437K
- Median listing home price/sq ft: $237
- Median sold home price: $435K
- Sale-to-list price ratio: 100%
- Median days on market: 34 days
- 767 homes for sale
- 223 homes for rent
Here are some additional things to keep in mind when buying a home in Land O’ Lakes:
- The average home size in Land O’ Lakes is 2,400 square feet.
- The average lot size is 0.6 acres.
- The average commute time to downtown Tampa is 30 minutes.
- The public school system in Land O’ Lakes is highly rated.
- The crime rate in Land O’ Lakes is low.
Overall, the Land O’ Lakes real estate market is a good option for buyers who are looking for a home in a beautiful, family-friendly community. With a variety of homes to choose from and a strong economy, Land O’ Lakes is a great place to call home.
Our Most Asked Questions:
Q: What is the current state of the Land O’ Lakes real estate market?
A: The Land O’ Lakes real estate market is currently trending down, with the median listing home price decreasing by 6% year-over-year in May 2023. This is likely due to a number of factors, including rising interest rates and a decrease in demand from out-of-state buyers.
Q: What are the key data points for the Land O’ Lakes real estate market in May 2023?
A: Here are some of the key data points for the Land O’ Lakes real estate market in May 2023:
- Median listing home price: $437K
- Median listing home price/sq ft: $237
- Median sold home price: $435K
- Sale-to-list price ratio: 100%
- Median days on market: 34 days
- 767 homes for sale
- 223 homes for rent
Q: Is now a good time to buy a home in Land O’ Lakes?
A: It depends on your individual circumstances. If you’re looking for a good deal, now may be a good time to buy. Prices are still relatively high, but they’re expected to continue to decline in the coming months. However, if you’re looking for a quick sale, now may not be the best time to sell.
Q: What are some of the factors that are driving the Land O’ Lakes real estate market?
A: There are a number of factors that are driving the Land O’ Lakes real estate market, including:
- Rising interest rates
- Decrease in demand from out-of-state buyers
- Increase in inventory
- Strong economy
- Favorable tax climate
Q: What are some of the best neighborhoods in Land O’ Lakes?
A: Some of the best neighborhoods in Land O’ Lakes include:
- The Oaks
- Grand Oaks
- Oasis
- Groves
- Waterview
- Springbrook
- Heritage
- Summerfield
- Plantation
Q: What are some of the things to consider when buying a home in Land O’ Lakes?
A: Some of the things to consider when buying a home in Land O’ Lakes include:
- Your budget
- Your needs and wants
- The location of the home
- The condition of the home
- The schools in the area
- The crime rate in the area