Is North Lauderdale, 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, North Lauderdale has remained a Seller's Market.
Key Takeaway
North Lauderdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Lauderdale, FL
How much do homes in North Lauderdale, FL cost?
Median Sold Price
$345,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Lauderdale have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in North Lauderdale was $345,000 in May 2024, up 12.2% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $150K | +11.9% |
| 2 Bedrooms | $225K | $255K | +13.3% |
| 3 Bedrooms | $350K | $390K | +11.4% |
| 4 Bedrooms | $400K | $450K | +12.5% |
| 5+ Bedrooms | - | $504K | N/A |
Summary: North Lauderdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.9%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Lauderdale | $307.5K | $345K | +12.2% |
| Coral Springs-Margate | $330.3K | $362.5K | +9.8% |
| Fort Lauderdale | $440K | $475.1K | +8.0% |
| Margate | $325.8K | $347.6K | +6.7% |
| Tamarac | $295.5K | $315K | +6.6% |
Housing Supply in North Lauderdale, FL
How many homes are available in North Lauderdale, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 99 | +7.6% |
Summary: The North Lauderdale real estate market had 99 homes for sale in May 2024, a 7.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 37 | 40 | +8.1% |
| 3 Bedrooms | 34 | 40 | +17.6% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The North Lauderdale 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 8.1%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 21 | +61.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Lauderdale, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in North Lauderdale in May 2024, up by 61.5% month-over-month. Of the 21 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for North Lauderdale, FL
How long does it take to sell a home in North Lauderdale, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 43 Days | -1.3% |
Summary: Homes in North Lauderdale had an average of 43 days on market in May 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Lauderdale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in North Lauderdale; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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