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 May 2021

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.

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

Median Sold Price

$579,000

$388/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$22,000(+3.9%)

Key Takeaway

Homes in Lauderdale-by-the-Sea have sold for 3.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $198K$230K
+16.2%
2 $450K$510K
+13.3%
3 $765K$1.0M
+37.3%
4 $1.3M$1.9M
+46.2%
5+ $636K$3.7M
+485.7%

Median Sold Price Compared To Nearby Cities

Pompano Beach
+23.0%
Fort Lauderdale
+18.7%
Lauderdale-by-the-Sea
+3.9%

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

Number of Homes For Sale

Apr 2022May 2022%
3132+3.2%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 54
-20.0%
2 1417
+21.4%
3 97
-22.2%
4 34
+33.3%
5+ 00
0.0%

Number of Homes Sold

Apr 2022May 2022%
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 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. 57.1% of homes here sold below asking price last month.

Average Sale Time

May 2021May 2022%
90 Days11 Days-87.1%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lauderdale-by-the-Sea 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 Lauderdale-by-the-Sea, FL

Lauderdale-by-the-Sea, FL has 32 homes for sale to choose from. In May 2022 in Lauderdale-by-the-Sea, FL there were 3.2% more homes for sale than in April 2022. In May 2022 median list price was $579,000 and the average listing age was 11 days. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 16.2%, 2 bedrooms properties became 13.3% more expensive, 3 bedrooms properties became 37.3% more expensive, prices of 4 bedrooms properties went up by 46.2%, prices of 5 bedrooms properties increased by 485.7%. This housing market inventory have changed: number of 1 bedroom homes decreased by 20%, 2 bedrooms homes became 21.4% more available, the quantity of 3 bedrooms homes went down by 22.2%, 4 bedrooms homes inventory increased by 33.3%, 5 bedrooms homes inventory did not change. Over 3 listings were sold over their listed price in May 2022 in Lauderdale-by-the-Sea, FL. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price.

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