Is Sanford, 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, Sanford has remained a Seller's Market.
Key Takeaway
Sanford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sanford, FL
How much do homes in Sanford, FL cost?
Median Sold Price
$363,359
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sanford have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Sanford was $363,359 in May 2024, up 8.5% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202K | $145K | -28.2% |
| 2 Bedrooms | $247.2K | $255K | +3.1% |
| 3 Bedrooms | $322.7K | $335K | +3.8% |
| 4 Bedrooms | $424.9K | $443.6K | +4.4% |
| 5+ Bedrooms | $592.5K | $560K | -5.5% |
Summary: Sanford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.2%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Sanford | $334.9K | $363.3K | +8.5% |
| Lake Mary | $480K | $470K | -2.1% |
Housing Supply in Sanford, FL
How many homes are available in Sanford, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 490 | 467 | -4.7% |
Summary: The Sanford real estate market had 467 homes for sale in May 2024, a 4.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 68 | 65 | -4.4% |
| 3 Bedrooms | 214 | 212 | -0.9% |
| 4 Bedrooms | 160 | 146 | -8.8% |
| 5+ Bedrooms | 45 | 40 | -11.1% |
Summary: The Sanford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 114 | 115 | +0.9% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sanford, you may be able to get a good deal. 54.8% of homes here sold below asking price last month.
Summary: A total of 115 homes were sold or pending in Sanford in May 2024, up by 0.9% month-over-month. Of the 115 sold homes, 55% were sold under asking, 25% were sold at asking, and 20% were sold over asking.
Days on Market for Sanford, FL
How long does it take to sell a home in Sanford, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 50 Days | +40.6% |
Summary: Homes in Sanford had an average of 50 days on market in May 2024, up by 40.6% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sanford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 115 homes were sold in Sanford; 49% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.