Is Lauderdale-by-the-Sea, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lauderdale-by-the-Sea is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Lauderdale-by-the-Sea has remained a Seller's Market.

Key Takeaway

Lauderdale-by-the-Sea is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lauderdale-by-the-Sea, FL

How much do homes in Lauderdale-by-the-Sea, FL cost?

Median Sold Price

$535,000

$452/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$105,640(-16.5%)

Key Takeaway

Homes in Lauderdale-by-the-Sea have sold for 16.5% less than they did a year ago.

Summary: The median home sold price in Lauderdale-by-the-Sea was $535,000 in April 2024, down 16.5% from last year, and the median price per square foot was $452.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $237.5K$295.5K
+24.4%
2 $600K$535K
-10.8%
3 $1.2M$1.1M
-6.5%
4 $1.2M$1.8M
+51.2%
5+ $642.2K-
N/A

Summary: Lauderdale-by-the-Sea housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 51.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fort Lauderdale
+7.6%
Pompano Beach
+1.3%
Lauderdale-by-the-Sea
-16.5%

Housing Supply in Lauderdale-by-the-Sea, FL

How many homes are available in Lauderdale-by-the-Sea, FL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6167+9.8%

Summary: The Lauderdale-by-the-Sea real estate market had 67 homes for sale in April 2024, a 9.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1011
+10.0%
2 2829
+3.6%
3 1414
0.0%
4 711
+57.1%
5+ 22
0.0%

Summary: The Lauderdale-by-the-Sea housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 3.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lauderdale-by-the-Sea, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Lauderdale-by-the-Sea in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Lauderdale-by-the-Sea, FL

How long does it take to sell a home in Lauderdale-by-the-Sea, FL?

Average Sale Time

Apr 2023Apr 2024CHANGE
64 Days101 Days+57.6%

Summary: Homes in Lauderdale-by-the-Sea had an average of 101 days on market in Apr 2024, up by 57.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lauderdale-by-the-Sea has remained consistent over time.

Summary: During April 2024, 12 homes were sold in Lauderdale-by-the-Sea; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

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

Report Updated 25 Days Ago

Newest Listings in Lauderdale-by-the-Sea, FL

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