The Real Estate Market in Clermont: 2024 Trends

As one of the most desirable locations in Central Florida, Clermont continues to be a hotspot for families, professionals, and retirees alike. With its scenic landscapes, vibrant community, and proximity to Orlando, Clermont is an attractive destination for those looking to buy a home or invest in real estate. As we enter the second half of 2024, the real estate market in Clermont is showing some interesting trends that are shaping the buying and selling landscape. At Team Bell, we’ve seen firsthand how these trends are impacting the market and are here to provide you with insights into what to expect in the coming year.

Sustained Demand for Homes in Clermont

The demand for homes in Clermont continues to grow as more people discover the town's unique blend of small-town charm and modern conveniences. One of the key factors driving this demand is the city's location. Clermont is only a 30-40 minute drive from Downtown Orlando, making it an attractive option for those who work in the city but prefer a quieter, suburban lifestyle.

Many buyers are drawn to Clermont’s beautiful scenery, which includes rolling hills and lakes, as well as its family-friendly neighborhoods. With top-rated schools, outdoor recreational opportunities, and a growing number of shopping and dining options, Clermont continues to be a sought-after location for families relocating to Central Florida.

Home Prices on the Rise

As with many markets across the country, home prices in Clermont are expected to continue rising in 2024. While Clermont remains more affordable compared to cities like Orlando and Tampa, prices have been steadily increasing due to high demand and limited inventory. The median home price in Clermont is currently around $400,000, and this figure is expected to rise as demand outpaces supply.

For buyers, this means acting quickly when a desirable property becomes available, as homes in Clermont often receive multiple offers. Working with a knowledgeable realtor like Team Bell can give you a competitive edge in securing the right home at the best possible price.

Shift Toward New Construction

In response to the rising demand for housing, developers are focusing on new construction projects in and around Clermont. Many homebuyers are turning to new builds as an alternative to the limited inventory of existing homes. New construction offers buyers the opportunity to customize their homes with the latest designs and energy-efficient features.

Several new communities are being developed in Clermont, providing a variety of options from single-family homes to luxury estates. These developments often include amenities such as community pools, parks, and fitness centers, adding to their appeal for families and professionals alike.

Increasing Interest from Out-of-State Buyers

Clermont continues to attract attention from out-of-state buyers, particularly from the Northeast and Midwest. As more people relocate to Florida for its favorable climate and tax benefits (Florida has no state income tax), Clermont is becoming a top choice for those seeking a better quality of life.

The city’s proximity to Orlando’s world-famous theme parks, entertainment, and job opportunities make it a prime destination for people looking to enjoy both the tranquility of suburban living and the excitement of being close to a major city. At Team Bell, we’ve seen a growing number of buyers from states like New York, New Jersey, and Illinois looking to make Clermont their new home.

Rise of Remote Work Influencing Housing Preferences

The rise of remote and hybrid work models is having a notable impact on the real estate market in Clermont. With more people working from home, buyers are placing a greater emphasis on finding homes with dedicated office spaces, larger yards, and more square footage. Many buyers are prioritizing features that enhance their at-home work experience, such as high-speed internet access, quiet neighborhoods, and proximity to nature for breaks and recreation.

Clermont, with its abundance of parks and outdoor activities, is an ideal location for those who want to maintain a healthy work-life balance while working remotely. Buyers are increasingly looking for homes with the space and amenities to accommodate their work-from-home lifestyle.

Growth in the Rental Market

While homeownership is the goal for many, the rental market in Clermont is also growing. With the increase in home prices, some individuals and families are opting to rent while they wait for the right time to buy. Rental properties, including single-family homes and apartments, are in high demand, particularly among those relocating to the area for work or to explore Clermont before committing to a home purchase.

For investors, this presents a unique opportunity. The rental market in Clermont is lucrative, with strong demand and potential for solid returns. If you're considering purchasing an investment property, Clermont offers the perfect balance of affordability and rental demand.

Smart Home Features in Demand

As technology becomes more integrated into daily life, homebuyers in Clermont are showing an increased interest in homes with smart features. These include smart thermostats, security systems, and energy-efficient appliances. New construction homes are often equipped with the latest technology, making them attractive to tech-savvy buyers who want convenience and sustainability.

For sellers, upgrading your home with smart features can make your property more appealing to potential buyers. It’s a great way to differentiate your home from others on the market and attract buyers looking for modern, move-in-ready properties.

Conclusion

The real estate market in Clermont is poised for continued growth in 2024, with rising home prices, increased interest from out-of-state buyers, and a strong focus on new construction. Whether you’re looking to buy, sell, or invest in the Clermont real estate market, understanding these trends will help you make informed decisions.

At Team Bell, we specialize in helping families and individuals find their perfect home in Central Florida. If you’re considering moving to Central Florida or investing in Clermont real estate, we’re here to guide you every step of the way. Visit our website at TeamBellFL.com for more information or check out our YouTube Channel for community tours, market updates, and helpful tips on living in Central Florida.

Make 2024 the year you find your dream home in Clermont with the expert guidance of Team Bell!