The Lake Monroe Waterfront-Downtown Sanford housing market is somewhat competitive. The median sale price of a home in Lake Monroe Waterfront-Downtown Sanford was $402K last month, up 6.1% since last year. The median sale price per square foot in Lake Monroe Waterfront-Downtown Sanford is $241, up 3.9% since last year.
Lake Monroe Waterfront-Downtown Sanford Housing Market Trends
What is the housing market like in Lake Monroe Waterfront-Downtown Sanford today?
In March 2024, Lake Monroe Waterfront-Downtown Sanford home prices were up 6.1% compared to last year, selling for a median price of $402K. On average, homes in Lake Monroe Waterfront-Downtown Sanford sell after 41 days on the market compared to 120 days last year. There were 16 homes sold in March this year, up from 4 last year.
$419K
Sale Price
+7.1% since last year
$241
Sale $/Sq. Ft.
+3.9% since last year
Under List Price
2%
Days on Market
31
Down Payment
—
Total Homes Sold
7
To compare other locations to the Lake Monroe Waterfront-Downtown Sanford and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Sanford add value to a home.
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How hot is the Lake Monroe Waterfront-Downtown Sanford housing market?
Lake Monroe Waterfront-Downtown Sanford is somewhat competitive. Homes sell in 31 days.
0
100
57
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 31 days.
Hot homes
can sell for around list price and go pending in around 14 days.
Schools in Lake Monroe Waterfront-Downtown Sanford
Learn about schools in the Lake Monroe Waterfront-Downtown Sanford area
Elementary
Middle
High
GreatSchools Rating
No elementary schools in this region.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Lake Monroe Waterfront-Downtown Sanford housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Lake Monroe Waterfront-Downtown Sanford.
Risk Factor
Flood Factor - Minor
6% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Lake Monroe Waterfront-Downtown Sanford has a minor risk of flooding. 20 properties in Lake Monroe Waterfront-Downtown Sanford are likely to be
severely affected
by flooding over the next 30 years. This represents 6% of all properties in Lake Monroe Waterfront-Downtown Sanford. Flood risk is increasing slower than the national average.
23% of properties are at risk of wildfire over the next 30 years
Fire Factor
Lake Monroe Waterfront-Downtown Sanford has a moderate risk of wildfire. There are 116 properties in Lake Monroe Waterfront-Downtown Sanford that have some risk of being affected by wildfire over the next 30 years. This represents 23% of all properties in Lake Monroe Waterfront-Downtown Sanford.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Lake Monroe Waterfront-Downtown Sanford has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Lake Monroe Waterfront-Downtown Sanford is most at risk from hurricanes. 491 properties in Lake Monroe Waterfront-Downtown Sanford have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 157 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 169 mph.
52% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Lake Monroe Waterfront-Downtown Sanford has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 52% of homes in Lake Monroe Waterfront-Downtown Sanford have a Severe Heat Factor®.
Lake Monroe Waterfront-Downtown Sanford is expected to see a 200% increase in the number of days over 107ºF over the next 30 years. Lake Monroe Waterfront-Downtown Sanford is expected to experience 7