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Sarah Mitchell
Compass Real Estate · ZIP 32778
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32778 ZIP Code Housing Market
$340,000median sale price
What is the 32778 housing market like right now?
The median home sale price in ZIP code 32778 is $340,000, up 2.3% year-over-year. Homes sell in an average of 86 days with 172 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 32778 ZIP code a buyer's or seller's market?
ZIP code 32778 is currently a leaning buyer's and homes selling in about 86 days. How we determine this →
What are the latest 32778 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $340,000 |
| Median list price | $342,000 |
| Year-over-year price change | +2.3% |
| Average days on market | 86 days |
| Active inventory | 172 listings |
| Sale-to-list price ratio | 97.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 32778 zip code, located in Tavares, FL, is currently classified as a leaning buyer's. The median sale price stands at $340,000, representing a +2.3% change year over year. Homes in this area spend an average of 86 days on the market before going under contract. There are currently 172 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 32778 sits in the Tavares, FL area, roughly 1.7 miles from downtown Tavares. Because home prices are set street by street, this ZIP can move differently from Tavares's citywide averages. The figures below reflect 32778 specifically — drawn from Redfin transactions, U.S. Census data for its 25,042 residents, and Zillow value estimates.
Homes sold
141
Last 12 weeks
Days on market
86
Average pace
Active listings
172
Sale-to-list
97.7%
Below asking
Market trends
What is driving the 32778 housing market?
The 32778 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 97.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 32778 have increased +2.3% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 32778 stands at $313,606, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,072 per month. This gives a price-to-rent ratio of approximately 12.6, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 32778?
Population
25,042
Median income
$63,472/yr
Median age
53.1 years
Owner-occupied
78.6%
College grads
26.1%
Avg commute
23.67 min
What is it like living in 32778?
Zip code 32778 is home to approximately 25,042 residents. The median household income is $63,472 per year, which shapes the types of homes and amenities available in the area. With a median age of 53.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 78.6% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 26.1% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 23.67 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 32778.
Which public schools serve ZIP 32778?
7 schools tracked · 4,275 students
The largest public schools serving ZIP code 32778 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.
TAVARES HIGH SCHOOL
Grades 9-12 · 1,488 students
TAVARES MIDDLE SCHOOL
Grades 6-8 · 998 students
PINECREST ACADEMY TAVARES
Grades K-8 · 918 students
TAVARES ELEMENTARY SCHOOL
Grades PK-5 · 839 students
NONSCHOOL EXCEPTIONAL EDUCATION
Grades PK-12 · 24 students
NON SCHOOL PK
Grades PK · 4 students
LAKE COUNTY ACER PROGRAM
Grades 6-12 · 4 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 32778
What is the median home price in 32778?
The current median sale price in 32778 is $340,000, based on recent Redfin transaction data. Prices have changed +2.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 32778 a buyer's or seller's market?
The 32778 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 32778?
Zip code 32778 has a population of approximately 25,042 residents. The median household income is $63,472 per year. About 78.6% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 32778?
Properties Incorporated provides comprehensive data for 32778 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 32778 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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