Is Fort Lauderdale, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Fort Lauderdale was a Neutral Market.
Housing Prices in Fort Lauderdale, FL
How much do homes in Fort Lauderdale, FL cost?
Median Sold Price
$466,582
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Fort Lauderdale was $466,582 in February 2024, up 4.4% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $272.5K | +6.9% |
2 Bedrooms | $406K | $415K | +2.2% |
3 Bedrooms | $495K | $480K | -3.0% |
4 Bedrooms | $680K | $640K | -5.9% |
5+ Bedrooms | $1.8M | $1.2M | -34.8% |
Summary: Fort Lauderdale housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 34.8%.
Median Sold Price Compared To Nearby Cities
Lauderdale Lakes | $130K | $150K | +15.4% |
Lauderhill | $170.3K | $195K | +14.5% |
Oakland Park | $360K | $390.5K | +8.5% |
Fort Lauderdale | $447.1K | $466.5K | +4.4% |
Wilton Manors | $587.7K | $575K | -2.2% |
Housing Supply in Fort Lauderdale, FL
How many homes are available in Fort Lauderdale, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,100 | 1,277 | +16.1% |
Summary: The Fort Lauderdale real estate market had 1,277 homes for sale in February 2024, a 16.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 146 | 164 | +12.3% |
2 Bedrooms | 333 | 400 | +20.1% |
3 Bedrooms | 370 | 427 | +15.4% |
4 Bedrooms | 164 | 192 | +17.1% |
5+ Bedrooms | 87 | 94 | +8.0% |
Summary: The Fort Lauderdale housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
92 | 101 | +9.8% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 101 homes were sold or pending in Fort Lauderdale in February 2024, up by 9.8% month-over-month. Of the 101 sold homes, 72% were sold under asking, 18% were sold at asking, and 10% were sold over asking.
Days on Market for Fort Lauderdale, FL
How long does it take to sell a home in Fort Lauderdale, FL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 66 Days | +21.0% |
Summary: Homes in Fort Lauderdale had an average of 66 days on market in Feb 2024, up by 21% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Summary: During February 2024, 101 homes were sold in Fort Lauderdale; 33% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.