Lake Mary Housing Market Report May 2025•Seminole County, Florida

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Housing Prices in Lake Mary, FL

How much do homes in Lake Mary, FL cost?

Housing Market Conditions

Is Lake Mary, 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

Lake Mary is a Seller's Market

Difference Since May 2024

Since last year, Lake Mary has remained a Seller's Market.

Insight

Lake Mary 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.
$480,000$245/SqFt
+$10,000
+2.1%

Based on all homes sold in the last 12 months

Insight

Homes in Lake Mary have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Lake Mary was $480,000 in May 2025, up 2.1% from last year, and the median price per square foot was $245.

Median Sold Price By Cities

Median Sold Price By Cities
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
Casselberry-Altamonte Springs
+4.7%
Lake Mary
+2.1%
Sanford
+2.0%

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$165K$158K
-4.2%
2$260K$240K
-7.7%
3$430K$434.5K
+1.0%
4$622.5K$598K
-3.9%
5$950K$852.5K
-10.3%

Summary: Lake Mary housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -4.2%. The home price for 2 bedroom homes decreased by -7.7%. The home price for 3 bedroom homes increased by +1.0%. The home price for 4 bedroom homes decreased by -3.9%. The home price for 5 bedroom homes decreased by -10.3%.

How does Lake Mary, FL compare with other places?

Market comparison tool

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

Lake Mary, FL

Housing supply in Lake Mary, FL

How many homes are available in Lake Mary, 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
300Last MonthMay 2025
2782 months agoApr 2025
+7.9 %
Change MoMApr – May

Summary: The Lake Mary real estate market had 300 homes for sale in May 2025, a 7.9 % 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
61Last MonthMay 2025
432 months agoApr 2025
+41.9 %
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
12219
-13.6%
23642
+16.7%
38797
+11.5%
4100107
+7.0%
53335
+6.1%

Summary: Lake Mary housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -13.6%. The inventory for 2 bedroom homes increased by +16.7%. The inventory for 3 bedroom homes increased by +11.5%. The inventory for 4 bedroom homes increased by +7.0%. The inventory for 5 bedroom homes increased by +6.1%.

Asking Price vs. Sold Price

How much do homes in Lake Mary, 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 Price7 Homes

At Asking Price11 Homes

Under Asking Price43 Homes

Insight

If you're buying a home in Lake Mary, you may be able to get a good deal. 70.5% of homes here sold below asking price last month.

Summary: A total of 61 homes were sold or pending in Lake Mary in May 2025, up by 41.9% month-over-month. Of the 61 sold homes, 70% were sold under asking, 18% were sold at asking, and and 11% were sold over asking.

Days on Market for Lake Mary, FL

How long does it take to sell a home in Lake Mary, FL?

Breakdown of Home Sale Times

Under 30 Days34 Homes

30 – 90 Days15 Homes

Over 90 Days12 Homes

Insight

Many homes in Lake Mary are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 61 homes were sold in Lake Mary; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 20% 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
46 DaysThis YearMay 2025
39 Days1 year agoMay 2024
+18.1 %
Change YoYMay 2024 – May 2025

Summary: Homes in Lake Mary had an average listing age of 46 days in May 2025, up by 18.1% compared to the previous year.

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Newest Listings in Lake Mary, FL

What homes are available in Lake Mary, FL?

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Nearby markets

Popular Cities with Homes for Sale in Florida

MLS Disclaimers and Copyright

Based on information from Stellar MLS, Georgia MLS, Miami MLS, and Beaches MLS for the period 06/01/2023 - 06/01/2025

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

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IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/11/2025, 11:49:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from the Georgia MLS © 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 2:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 2:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2025 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 2:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.