Is Fort Lauderdale, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Fort Lauderdale was a Seller's Market.
Key Takeaway
Fort Lauderdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Lauderdale, FL
How much do homes in Fort Lauderdale, FL cost?
Median Sold Price
$475,006
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fort Lauderdale have sold for 8% more than they did a year ago.
Summary: The median home sold price in Fort Lauderdale was $475,006 in March 2024, up 8% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $275K | +5.8% |
| 2 Bedrooms | $400K | $412.6K | +3.2% |
| 3 Bedrooms | $478.3K | $485.2K | +1.4% |
| 4 Bedrooms | $688.5K | $758.3K | +10.1% |
| 5+ Bedrooms | $1.5M | $1.3M | -7.7% |
Summary: Fort Lauderdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Lauderdale Lakes | $134K | $152.9K | +14.1% |
| Fort Lauderdale | $439.9K | $475K | +8.0% |
| Lauderhill | $179.3K | $191.3K | +6.7% |
| Oakland Park | $365K | $385.5K | +5.6% |
| Wilton Manors | $587.7K | $527.5K | -10.2% |
Housing Supply in Fort Lauderdale, FL
How many homes are available in Fort Lauderdale, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,176 | 1,294 | +10.0% |
Summary: The Fort Lauderdale real estate market had 1,294 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 146 | 176 | +20.5% |
| 2 Bedrooms | 367 | 415 | +13.1% |
| 3 Bedrooms | 405 | 427 | +5.4% |
| 4 Bedrooms | 183 | 196 | +7.1% |
| 5+ Bedrooms | 75 | 80 | +6.7% |
Summary: The Fort Lauderdale housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.5%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 125 | 137 | +9.6% |
Asking Price vs. Sold Price
104 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Lauderdale, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.
Summary: A total of 137 homes were sold or pending in Fort Lauderdale in March 2024, up by 9.6% month-over-month. Of the 137 sold homes, 76% were sold under asking, 13% were sold at asking, and 11% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 66 Days | +20.1% |
Summary: Homes in Fort Lauderdale had an average of 66 days on market in Mar 2024, up by 20.1% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fort Lauderdale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 137 homes were sold in Fort Lauderdale; 43% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.