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.
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
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
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
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.