Land O Lakes Housing Market Report December 2024•Pasco County, Florida

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Housing Prices in Land O Lakes, FL

How much do homes in Land O Lakes, FL cost?

Housing Market Conditions

Is Land O 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

Land O Lakes is a Seller's Market

Difference Since December 2023

Since last year, Land O Lakes has remained a Seller's Market.

Insight

Land O 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.
$409,928$208/SqFt
-$13,757
-3.2%

Based on all homes sold in the last 12 months

Insight

Homes in Land O Lakes have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Land O Lakes was $409,928 in December 2024, down 3.2% from last year, and the median price per square foot was $208.

Median Sold Price By City

Median Sold Price By City
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
Lutz
+6.5%
Wesley Chapel
+4.9%
Central Pasco
+0.7%
Land O Lakes
-3.2%

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.
BedsDec 2023Dec 2024Change YoY
2$330.5K$339.9K
+2.8%
3$384.9K$361.9K
-6.0%
1$192.4K-
N/A
4$505.4K$515K
+1.9%
5$635K$620.6K
-2.3%

Summary: Land O Lakes housing price by bedroom type for December 2024, compared to the previous year. The home price for 2 bedroom homes increased by +2.8%. The home price for 3 bedroom homes decreased by -6.0%. The home price for 1 bedroom homes did not change. The home price for 4 bedroom homes increased by +1.9%. The home price for 5 bedroom homes decreased by -2.3%.

Housing supply in Land O Lakes, FL

How many homes are available in Land O 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
539Last MonthDec 2024
5612 months agoNov 2024
-3.9 %
Change MoMNov – Dec

Summary: The Land O Lakes real estate market had 539 homes for sale in Dec 2024, a 3.9 % decrease compared to Nov 2024.

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
105Last MonthDec 2024
1032 months agoNov 2024
+1.9 %
Change MoMNov – Dec

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.
BedsNov 2024Dec 2024Change MoM
29576
-20.0%
3222210
-5.4%
133
0.0%
4151152
+0.7%
59098
+8.9%

Summary: Land O Lakes housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes decreased by -20.0%. The inventory for 3 bedroom homes decreased by -5.4%. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +0.7%. The inventory for 5 bedroom homes increased by +8.9%.

Asking Price vs. Sold Price

How much do homes in Land O 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 Price7 Homes

At Asking Price39 Homes

Under Asking Price59 Homes

Insight

If you're buying a home in Land O Lakes, you may be able to get a good deal. 56.2% of homes here sold below asking price last month.

Summary: A total of 105 homes were sold or pending in Land O Lakes in December 2024, up by 1.9% month-over-month. Of the 105 sold homes, 56% were sold under asking, 37% were sold at asking, and and 7% were sold over asking.

Days on Market for Land O Lakes, FL

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

Breakdown of Home Sale Times

Under 30 Days44 Homes

30 – 90 Days29 Homes

Over 90 Days24 Homes

Insight

Many homes in Land O Lakes are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 105 homes were sold in Land O Lakes; 42% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 23% 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
59 DaysThis YearDec 2024
43 Days1 year agoDec 2023
+36.2 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Land O Lakes had an average listing age of 59 days in Dec 2024, up by 36.2% compared to the previous year.

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Newest Listings in Land O Lakes, FL

What homes are available in Land O Lakes, FL?

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Based on information from Stellar MLS, Hernando County Information Services MLS, realMLS, Daytona Beach MLS, and Citrus County MLS for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/19/2025, 10:49:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Copyright © 2025 Hernando County Association of REALTORS®
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/19/2025, 11:51:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 1/19/2025, 11:51:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXIDX 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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright 2025 Daytona Beach Area Association of REALTORS Multiple Listing Services. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 3:16:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by Realtors® Association of Citrus County, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information 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. Copyright © 2025 Realtors® Association of Citrus County, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/20/2025, 3:16:08 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.