Lake County, Florida — Recent housing data released by Realtor.com reveals that both homebuyers and sellers in Lake County experienced a noticeable dip in property sale prices in April 2025 compared to March. This trend suggests a cooling of the local housing market after a period of higher activity.
According to Realtor.com’s latest analysis, the median price for homes sold in Lake County in April stood at $369,900, which is 5.9% lower than March’s median of $393,250. This monthly decline marks a significant pullback and could indicate shifting buyer demand or seasonal market adjustments.
However, when comparing April 2025 to the same month a year earlier, the change is minimal — up just slightly from $369,750 in April 2024, showing that overall, prices have remained relatively stable year-over-year.
Note: The data, sourced from completed real estate transactions (deed records), doesn’t include current home listings. Realtor.com’s data typically reflects activity with a few months’ delay and should not be confused with listing prices, which often differ from actual sales prices.
Median Sale Price Breakdown in Lake County
- Single-Family Homes:
- In April, the median sale price for single-family homes in Lake County was $375,000, showing a 6.2% drop from March’s median of $399,999.
- Compared to April 2024, the price decreased slightly by 1.3%, when the median stood at $379,994.
- Luxury Market Activity: Eighteen single-family homes sold for $1 million or more in April 2025 — down sharply from 38 luxury sales in April 2024, reflecting a slowdown in the high-end market.
- Condos and Townhomes:
- These properties saw a significant monthly decrease of 17.8%, with the median dropping to $222,000 in April from $270,000 in March.
- However, when compared to April 2024’s median of $181,000, prices are actually up by 22.7%, showing solid growth in this segment over the past year.
- Notably, four condos or townhomes sold for $1 million or more in April 2025, compared to zero million-dollar sales in this category in April 2024 — indicating a rise in upscale condo demand.
Overall Market Activity in Lake County
- A total of 776 home sales were recorded in April 2025, down 3.2% from 802 sales in April 2024.
- Despite fewer transactions, the total value of all residential real estate sold in the county reached $342.6 million.
This suggests that while fewer homes were sold, overall value remained relatively strong — likely due to mid-range or luxury home transactions.
How Florida’s Statewide Market Compares
- Across Florida, the median home sale price was $380,298 in April, barely down from $380,563 in March.
- There were 35,857 recorded residential sales statewide, a drop of 15.3% compared to 42,340 in April 2024 — indicating a broad slowdown in market activity.
- Total value of home sales in Florida fell by 10.1%, from $24.9 billion in March to $22.4 billion in April.
Breakdown by Property Type (Statewide):
- Single-Family Homes:
- Median price slipped slightly from $401,633 in March to $400,000 in April.
- Compared to April 2024, single-family home prices are down 3.2% from $413,277, suggesting some statewide price softening in this segment.
- Condos & Townhomes:
- Median prices rose 1.2%, from $306,778 in March to $310,369 in April.
- However, they are still 6.4% lower than a year ago, when the median was $331,645, indicating some longer-term decline.
- Luxury Sales ($1M+):
- In April 2025, 9.14% of all homes sold in Florida were priced at $1 million or more, a drop from 10.12% in April 2024 — pointing to softening demand at the luxury end of the market.
Understanding the Numbers: Why the Median Matters
The median home price — the middle value in the list of all home sales — provides a more accurate picture of market trends than the average price. Unlike the average, the median isn’t distorted by extremely low or high-priced properties.
For example, a single sale of a luxury estate for $10 million can dramatically inflate the average but won’t affect the median unless it shifts the exact middle value of all recorded prices.
For more local and national housing news, and to explore interactive tools, visit DailyCommercial.com’s real estate section.
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