Bannon Lakes Housing Market Report May 2025•Saint Johns County, Florida

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Housing Prices in Bannon Lakes, FL

How much do homes in Bannon Lakes, FL cost?

Housing Market Conditions

Is Bannon Lakes, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Bannon Lakes is a Seller's Market

Difference Since May 2024

At the same time last year, Bannon Lakes was a Neutral Market.

Insight

Bannon Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$509,000$224/SqFt
+$34,050
+7.2%

Based on all homes sold in the last 12 months

Insight

Homes in Bannon Lakes have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in Bannon Lakes was $509,000 in May 2025, up 7.2% from last year, and the median price per square foot was $224.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Bannon Lakes
+7.2%
World Golf Village
-1.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1--
N/A
2$361K$457K
+26.6%
3$450K$512K
+13.8%
4$474.4K$438.6K
-7.5%
5$624.7K$668.5K
+7.0%

Summary: Bannon Lakes housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +26.6%. The home price for 3 bedroom homes increased by +13.8%. The home price for 4 bedroom homes decreased by -7.5%. The home price for 5 bedroom homes increased by +7.0%.

How does Bannon Lakes, FL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Bannon Lakes, FL

Housing supply in Bannon Lakes, FL

How many homes are available in Bannon Lakes, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
33Last MonthMay 2025
292 months agoApr 2025
+13.8 %
Change MoMApr – May

Summary: The Bannon Lakes real estate market had 33 homes for sale in May 2025, a 13.8 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthMay 2025
62 months agoApr 2025
0.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
233
0.0%
3710
+42.9%
41517
+13.3%
543
-25.0%

Summary: Bannon Lakes housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +42.9%. The inventory for 4 bedroom homes increased by +13.3%. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in Bannon Lakes, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price6 Homes

Insight

If you're buying a home in Bannon Lakes, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Bannon Lakes in May 2025, the same as the previous month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Bannon Lakes, FL

How long does it take to sell a home in Bannon Lakes, FL?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days2 Homes

Over 90 Days2 Homes

Insight

Avg time on Rocket Homes in Bannon Lakes has remained consistent over time.

Summary: During May 2025, 6 homes were sold in Bannon Lakes; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
115 DaysThis YearMay 2025
13 Days1 year agoMay 2024
+747.4 %
Change YoYMay 2024 – May 2025

Summary: Homes in Bannon Lakes had an average listing age of 115 days in May 2025, up by 747.4% compared to the previous year.

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Newest Listings in Bannon Lakes, FL

What homes are available in Bannon Lakes, FL?

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MLS Disclaimers and Copyright

Based on information from realMLS, and St. Augustine & St. Johns County MLS for the period 06/01/2023 - 06/01/2025

Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/24/2025, 12:40:42 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The information being provided by St. Augustine & St. Johns County Board of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the St. Augustine & St. Johns County Board of Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/24/2025, 12:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.