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Featured local agent — Lake Mary, FL
Sarah Mitchell
Compass Real Estate · Lake Mary, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Mary, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$520,000median sale price
How is the Lake Mary, FL housing market right now?
The median home sale price in Lake Mary, FL is $520,000, up 3.0% year-over-year. Homes sell in an average of 65 days with 53 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Mary a buyer's or seller's market?
Lake Mary, FL is currently a balanced market, based on 2.2 months of supply and homes selling in about 65 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
65
Average pace
Active listings
53
2.2 months supply
Sale-to-list
97.1%
Below asking
What does the Lake Mary housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $520,000 |
| Median list price | $531,450 |
| Year-over-year price change | +3.0% |
| Average days on market | 65 days |
| Active inventory | 53 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 97.1% |
| Median price per sq ft | $234/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 20 |
| Listings with a price cut | 37.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Mary by property type?
How the Lake Mary, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $670,000 | $255/sq ft | 17 | 67 days |
| Condo / Co-op | $255,000 | $221/sq ft | 1 | 326 days |
| Townhouse | $380,000 | $192/sq ft | 6 | 49 days |
Source: Redfin · Updated monthly
The Lake Mary housing market is currently classified as a balanced market with a median sale price of $520,000. Prices have risen 3.0% compared to last year, with homes spending an average of 65 days on market, indicating 2.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lake Mary
There are currently 53 homes listed for sale in Lake Mary, Florida. The median listing price is $531K.
Active listings
53
Homes on market
Median list price
$531K
Avg. days on market
65
Days until sale
New this week
20
Newly listed
Who lives in Lake Mary?
Population
16,724
Median income
$116,944/yr
Median age
43.1 years
Owner-occupied
66.4%
College grads
54.4%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Mary?
Zillow home value
$466,846
Zillow rent index
$1,993/mo
Price-to-rent ratio
19.5x
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Lake Mary?
Lake Mary is a community of approximately 17K residents with a median age of 43.1 years.The median household income is $116,944, which reflects a relatively affluent area with strong earning potential. 54.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 66.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Mary offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Mary?
11 schools tracked · 7,883 students
The largest public schools serving Lake Mary, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LAKE MARY HIGH SCHOOL
Grades 9-12 · 2,684 students
LAKE MARY ELEMENTARY SCHOOL
Grades PK-5 · 965 students
GREENWOOD LAKES MIDDLE SCHOOL
Grades 6-8 · 950 students
MARKHAM WOODS MIDDLE SCHOOL
Grades 6-8 · 881 students
HEATHROW ELEMENTARY SCHOOL
Grades PK-5 · 744 students
CRYSTAL LAKE ELEMENTARY SCHOOL
Grades PK-5 · 688 students
SEMINOLE SCIENCE CHARTER SCHOOL
Grades K-8 · 537 students
SEMINOLE COUNTY VIRTUAL FRANCHISE (SCVS)
Grades K-12 · 258 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lake Mary, FL?
Want a head-to-head view? Compare Lake Mary side-by-side with any other U.S. city using our market-comparison tool.
Is Lake Mary a good real estate investment market?
For investors evaluating Lake Mary, the price-to-rent ratio of 19.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 3.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lake Mary's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lake Mary's median home price.
Frequently asked questions
What is the average home price in Lake Mary?
The median home sale price in Lake Mary is $520,000, up 3.0% from last year.
How long do homes stay on market in Lake Mary?
Homes typically spend 65 days on market before going under contract.
What is the median income in Lake Mary?
The median household income is $116,944 per year.
Is Lake Mary a buyer's or seller's market?
With 2.2 months of supply, Lake Mary is currently a balanced market.
What is the Zillow home value estimate for Lake Mary?
The Zillow Home Value Index (ZHVI) for Lake Mary is $466,846, representing the typical home value in the area.
What is the median condo price in Lake Mary?
The median condo/co-op sale price in Lake Mary, FL is $255,000, compared to $670,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Mary?
The median single-family home price in Lake Mary, FL is $670,000 (about $255 per square foot).
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