Is Lauderdale Lakes, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lauderdale Lakes was a Seller's Market.
Housing Prices in Lauderdale Lakes, FL
How much do homes in Lauderdale Lakes, FL cost?
Median Sold Price
$155,500
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lauderdale Lakes was $155,500 in May 2024, up 13.8% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $98K | $118K | +20.4% |
2 Bedrooms | $140K | $152.9K | +9.2% |
3 Bedrooms | $372K | $417K | +12.1% |
4 Bedrooms | $427K | $449.5K | +5.3% |
5+ Bedrooms | $435K | $425K | -2.3% |
Summary: Lauderdale Lakes housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
Lauderhill | $175.1K | $220.5K | +25.9% |
Lauderdale Lakes | $136.6K | $155.5K | +13.8% |
Fort Lauderdale | $440K | $475.1K | +8.0% |
Tamarac | $295.5K | $315K | +6.6% |
Oakland Park | $380K | $393K | +3.4% |
Housing Supply in Lauderdale Lakes, FL
How many homes are available in Lauderdale Lakes, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
200 | 212 | +6.0% |
Summary: The Lauderdale Lakes real estate market had 212 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 58 | 58 | 0.0% |
2 Bedrooms | 111 | 124 | +11.7% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Lauderdale Lakes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 28 | +16.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Lauderdale Lakes in May 2024, up by 16.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% were sold over asking.
Days on Market for Lauderdale Lakes, FL
How long does it take to sell a home in Lauderdale Lakes, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 59 Days | -7.8% |
Summary: Homes in Lauderdale Lakes had an average of 59 days on market in May 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Lauderdale Lakes; 36% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.