Is Lauderhill, 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, Lauderhill was a Seller's Market.
Housing Prices in Lauderhill, FL
How much do homes in Lauderhill, FL cost?
Median Sold Price
$220,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lauderhill was $220,500 in May 2024, up 25.9% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102K | $105K | +2.9% |
2 Bedrooms | $155K | $163K | +5.2% |
3 Bedrooms | $345K | $391.5K | +13.5% |
4 Bedrooms | $415K | $484K | +16.6% |
5+ Bedrooms | $340K | $412.5K | +21.3% |
Summary: Lauderhill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
Lauderhill | $175.1K | $220.5K | +25.9% |
Lauderdale Lakes | $136.6K | $155.5K | +13.8% |
Plantation | $432K | $471K | +9.0% |
Fort Lauderdale | $440K | $475.1K | +8.0% |
Tamarac | $295.5K | $315K | +6.6% |
Housing Supply in Lauderhill, FL
How many homes are available in Lauderhill, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
374 | 410 | +9.6% |
Summary: The Lauderhill real estate market had 410 homes for sale in May 2024, a 9.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 64 | 75 | +17.2% |
2 Bedrooms | 192 | 211 | +9.9% |
3 Bedrooms | 88 | 100 | +13.6% |
4 Bedrooms | 26 | 22 | -15.4% |
5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Lauderhill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 23 | -46.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Lauderhill in May 2024, down by 46.5% month-over-month. Of the 23 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for Lauderhill, FL
How long does it take to sell a home in Lauderhill, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 44 Days | -21.9% |
Summary: Homes in Lauderhill had an average of 44 days on market in May 2024, down by 21.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Lauderhill; 48% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.