The real estate market in Land O’ Lakes, Florida, has shown some interesting trends and shifts in January 2025. Here’s a detailed look at the current state of the market, including data, trends, and insights.
Market Overview
In January 2025, Land O’ Lakes experienced a neutral housing market, meaning that the number of available properties for sale met the number of buyers looking to purchase. This balance has led to reasonable home prices and typical market times for listings1.
Median Sold Price
The median sold price for homes in Land O’ Lakes was $409,900, which is a 2.4% decrease compared to January 2024. The median price per square foot was $208, also reflecting a slight decline.
| City | January 2024 | January 2025 | Change YoY |
|---|---|---|---|
| Lutz | $483.8K | $512.1K | +5.9% |
| Wesley Chapel | $410.6K | $432.4K | +5.3% |
| Central Pasco | $410.1K | $411.5K | +0.3% |
| Land O’ Lakes | $419.9K | $409.9K | -2.4% |
Housing Supply and Demand
The number of homes actively for sale in Land O’ Lakes increased by 24.6% compared to January 2024. This marks the 15th consecutive month of annual inventory growth2. However, the total number of homes for sale, including those under contract but not yet sold, increased by 17.1% compared to last year.
Home Prices by Bedrooms
The median home prices in Land O’ Lakes varied by the number of bedrooms:
| Bedrooms | January 2024 | January 2025 | Change YoY |
|---|---|---|---|
| 1 | $192.4K | – | – |
| 2 | $330K | $340.2K | +3.1% |
| 3 | $384.9K | $360K | -6.5% |
| 4 | $509.9K | $511.7K | +0.4% |
| 5+ | $631.1K | $631.4K | +0.1% |
Market Trends
- Increased Listings: There was a 10.8% increase in newly listed homes compared to January 2024. This is the largest December to January increase since January 2022.
- Price Cuts: The share of listings with price cuts grew to 15.6%, up from 14.7% in January 2024.
- Days on Market: Homes spent an average of 73 days on the market, which is five days more than last year.
Conclusion
The real estate market in Land O’ Lakes, FL, in January 2025, presents a balanced environment with reasonable prices and a steady supply of homes. While the median sold price has slightly decreased, the increase in newly listed homes and the neutral market conditions indicate a healthy and dynamic market.
Are you considering buying or selling a home in Land O’ Lakes? Let me know if you need more information or have any questions!