Clermont, Florida Real Estate Market Update & Trends | October 2024
October 2024 Real Estate Market Update: Clermont, Minneola, Groveland, Montverde, and Winter Garden
Are you keeping up with the latest trends in Central Florida’s real estate market? Whether you’re buying or selling, understanding the local market is essential for making informed decisions. In this update, we’ll dive into the key real estate metrics for Clermont, Minneola, Groveland, Montverde, and Winter Garden—five of the most desirable areas in Central Florida.
Clermont: The Heart of Central Florida
Clermont continues to shine as a favorite for buyers and sellers alike. With a median sold price of $479,126, homes here offer an ideal blend of value and amenities. Inventory has nearly doubled year-over-year, up 99.03%, giving buyers more options while creating opportunities for sellers to stand out. Homes spend a median of 35 days on the market, making competitive pricing and pristine condition crucial.
Minneola: Fast-Paced and Thriving
Minneola’s real estate market is booming, with a median sold price of $547,847 driven by new developments like Hills of Minneola and Del Webb Minneola. Builders are enticing buyers with attractive incentives, including rate buy-downs and closing cost contributions. The median days on market is just 25 days, reflecting strong demand. With an MSI of 2.76 months, it’s a seller’s market where well-priced homes move quickly.
Groveland: Affordable and Growing
If you’re looking for value near Clermont, Groveland offers a median sold price of $399,000, making it a more affordable option. Inventory has increased by 135.33%, giving buyers more choices, but demand remains steady, with homes selling in 30 days on average. Groveland is an excellent choice for those seeking affordability without sacrificing proximity to Central Florida’s conveniences.
Montverde: Exclusive and Balanced
Montverde, with its median sold price of $671,250, caters to those seeking luxury living in a serene environment. The market here is more balanced, with an MSI of 5.04 months. Homes are selling in 31 days, and while buyers may have more room for negotiation (list-to-sold price ratio of 92.8%), the demand for Montverde’s upscale properties remains strong.
Winter Garden: Vibrant and Competitive
Winter Garden continues to attract buyers with its modern amenities and vibrant community. The median sold price of $650,000 reflects its desirable location and ongoing development. Inventory has grown by 71.36%, and homes are selling in 36 days on average. With a list-to-sold price ratio of 98%, sellers in Winter Garden are maintaining strong pricing power.
Key Takeaways
Across these markets, inventory is increasing, signaling a gradual shift toward balance. However, sellers must remain competitive, especially with new construction homes offering financial incentives. Buyers are gaining more choices, but well-priced homes in great condition are still moving quickly.
Why Work with Us?
As local experts in Clermont, Minneola, Groveland, Montverde, and Winter Garden real estate, we know the ins and outs of this dynamic market. Whether you’re buying your dream home or selling your current one, our team can provide the hyper-local insights you need to make confident decisions.
If you’re ready to explore your options in Central Florida’s real estate market, give me a call today at 407-820-7017. Let’s work together to find your dream home or secure the best price for your property in this ever-evolving market.
