Is Land O Lakes, FL 34638 a buyer’s or seller’s market?
Land O Lakes is a seller’s market. With about 2.8 months of supply and 6% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 28% of U.S. ZIP codes, and #156 of 796 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Land O Lakes housing market right now
In the three months ending August 31, 2026, 6% of homes in Land O Lakes, FL 34638 sold above their list price, the typical home went under contract in 61 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 317 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold more slowly (45 days then) and the median sale price fell 3% to $409,213. Overall, Land O Lakes is less competitive than a year ago, which gives buyers more room.
Within Pasco County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in 86%. On our competition score, Land O Lakes ranks #156 of 796 FL ZIP codes with enough sales (score 32 out of 100).
Nearby, Holiday 34690 (28% sold over asking) and Zephyrhills 33540 (23% sold over asking) are even more competitive.
Run the numbers for 34638
Nearby markets
Aripeka 34679 — /sq ftDade City 33523Seller’s market $205 /sq ftDade City 33525Balanced $185 /sq ftHoliday 34690Buyer’s market $205 /sq ft Browse all markets →Towns like Land O Lakes nearby
Find towns like Land O Lakes in other states →Where Land O Lakes is
Loading map…
Questions about Land O Lakes real estate
Is Land O Lakes a buyer’s or seller’s market?
A seller’s market: there were 2.8 months of supply in Land O Lakes, FL 34638 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Land O Lakes?
The typical home went under contract in 61 days in the latest three months.
Do homes in Land O Lakes sell over asking?
6% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What are property taxes in Land O Lakes?
About 0.73% of a home’s value a year in Pasco County, or roughly $2,920 on a $400,000 home.
What is the median home price in Land O Lakes?
The median sale price was $409,213 in the three months ending August 31, 2026, about $198 per square foot.
Local agents
See all agents in 34638 →No sponsored agents in 34638 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 34638
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology