Is Plantation, 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, Plantation was a Seller's Market.
Key Takeaway
Plantation is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Plantation, FL
How much do homes in Plantation, FL cost?
Median Sold Price
$471,083
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Plantation have sold for 9% more than they did a year ago.
Summary: The median home sold price in Plantation was $471,083 in May 2024, up 9% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $164K | $185K | +12.8% |
| 2 Bedrooms | $260K | $280K | +7.7% |
| 3 Bedrooms | $485K | $530K | +9.3% |
| 4 Bedrooms | $680K | $735K | +8.1% |
| 5+ Bedrooms | $950K | $1.0M | +13.2% |
Summary: Plantation housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Lauderhill | $175.1K | $220.5K | +25.9% |
| Sunrise | $335.2K | $377.5K | +12.6% |
| Plantation | $432K | $471K | +9.0% |
| Fort Lauderdale | $440K | $475.1K | +8.0% |
Housing Supply in Plantation, FL
How many homes are available in Plantation, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 340 | 390 | +14.7% |
Summary: The Plantation real estate market had 390 homes for sale in May 2024, a 14.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 30 | +20.0% |
| 2 Bedrooms | 99 | 113 | +14.1% |
| 3 Bedrooms | 99 | 117 | +18.2% |
| 4 Bedrooms | 79 | 88 | +11.4% |
| 5+ Bedrooms | 38 | 42 | +10.5% |
Summary: The Plantation housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 65 | +35.4% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Plantation, you may be able to get a good deal. 63.1% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Plantation in May 2024, up by 35.4% month-over-month. Of the 65 sold homes, 63% were sold under asking, 23% were sold at asking, and 14% were sold over asking.
Days on Market for Plantation, FL
How long does it take to sell a home in Plantation, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 34 Days | +6.7% |
Summary: Homes in Plantation had an average of 34 days on market in May 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Plantation are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 65 homes were sold in Plantation; 52% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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