Is Fort Lauderdale, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Lauderdale is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Fort Lauderdale has remained a Seller's Market.

Key Takeaway

Fort Lauderdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Fort Lauderdale, FL cost?

Median Sold Price

$447,963

$338/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$70,548(+18.7%)

Key Takeaway

Homes in Fort Lauderdale have sold for 18.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $187K$237.1K
+26.8%
2 $339K$415.5K
+22.6%
3 $448.1K$534.8K
+19.3%
4 $470K$740K
+57.4%
5+ $2.0M$2.5M
+27.5%

Median Sold Price Compared To Nearby Cities

Wilton Manors
+32.2%
Lauderdale Lakes
+19.6%
Fort Lauderdale
+18.7%
Oakland Park
+16.2%
Lauderhill
-11.3%

How many homes are available in Fort Lauderdale, FL?

Number of Homes For Sale

Apr 2022May 2022%
581572-1.5%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 8687
+1.2%
2 162148
-8.6%
3 194190
-2.1%
4 9192
+1.1%
5+ 4855
+14.6%

Number of Homes Sold

Apr 2022May 2022%
171114-33.3%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Lauderdale, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.

Average Sale Time

May 2021May 2022%
70 Days26 Days-62.0%

Breakdown of Home Sale Times

86 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fort Lauderdale are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Fort Lauderdale, FL

There are 572 homes are for sale in Fort Lauderdale, FL real estate market. The number of homes for sale in Fort Lauderdale, FL decreased by 1.5% between April 2022 and May 2022. In May 2022 median list price was $447,963 and the average listing age was 26 days. Listing prices have changed in this real estate market between April 2022 and May 2022: the cost of 1 bedroom properties went up by 26.8%, prices of 2 bedrooms properties increased by 22.6%, 3 bedrooms properties became 19.3% more expensive, prices of 4 bedrooms properties increased by 57.4%, prices of 5 bedrooms properties increased by 27.5%. This housing market inventory have changed: 1 bedroom homes inventory increased by 1.2%, 2 bedrooms homes became 8.6% less available, 3 bedrooms homes inventory decreased by 2.1%, the quantity of 4 bedrooms homes went up by 1.1%, 5 bedrooms homes became 14.6% more available. In May 2022 more than 46 listings in Fort Lauderdale, FL were sold above the asking price. During the same period more than 21 listings were sold at asking price, while more than 47 were sold below.

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