Is Lutz, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lutz has remained a Seller's Market.
Key Takeaway
Lutz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lutz, FL
How much do homes in Lutz, FL cost?
Median Sold Price
$491,479
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lutz have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Lutz was $491,479 in May 2024, up 2.3% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $152K | +16.9% |
| 2 Bedrooms | $268K | $278.5K | +3.9% |
| 3 Bedrooms | $399.2K | $400K | 0.2% |
| 4 Bedrooms | $591.9K | $625K | +5.6% |
| 5+ Bedrooms | $858.5K | $870K | +1.3% |
Summary: Lutz housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Odessa | $639.9K | $698.5K | +9.2% |
| Keystone-Citrus Park | $481.9K | $499.5K | +3.6% |
| Lutz | $480.6K | $491.4K | +2.3% |
| Tampa | $409.7K | $414.6K | +1.2% |
| Land O Lakes | $450K | $417.6K | -7.2% |
Housing Supply in Lutz, FL
How many homes are available in Lutz, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 365 | 391 | +7.1% |
Summary: The Lutz real estate market had 391 homes for sale in May 2024, a 7.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 154 | 162 | +5.2% |
| 4 Bedrooms | 128 | 144 | +12.5% |
| 5+ Bedrooms | 48 | 51 | +6.3% |
Summary: The Lutz housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 82 | 99 | +20.7% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lutz, you may be able to get a good deal. 68.7% of homes here sold below asking price last month.
Summary: A total of 99 homes were sold or pending in Lutz in May 2024, up by 20.7% month-over-month. Of the 99 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.
Days on Market for Lutz, FL
How long does it take to sell a home in Lutz, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 43 Days | +8.2% |
Summary: Homes in Lutz had an average of 43 days on market in May 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lutz are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 99 homes were sold in Lutz; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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