Lakewood Ranch Real Estate Listings & Homes for Sale

In October 2024, home prices in Lakewood Ranch experienced a 5.1% decline compared to the previous year, with a median selling price of $563K. Homes took an average of 81 days to sell, nearly doubling the 41-day average from last year, indicating a slowdown in market activity. Additionally, only 155 homes were sold in October 2024, down from 172 sales during the same period last year. This shift suggests a cooling market, possibly giving buyers more leverage and time to negotiate, while sellers may need to adjust expectations or pricing strategies to align with the current conditions.

Lakewood Ranch remains a somewhat competitive housing market. On average, homes sell within 43.5 days and typically for about 2% below the list price, going pending in approximately 44 days. However, "hot" properties—those that attract high interest—can sell at or near the list price and go pending in as little as three days. This dynamic showcases the importance of pricing and presentation in securing quick sales, especially for high-demand homes.

In October 2024, Lakewood Ranch was classified as a buyer's market, indicating that the supply of homes exceeded buyer demand. This market condition provides buyers with more options and greater negotiating power, while sellers may face increased competition and need to price their properties strategically to attract offers.