Is Lauderdale-by-the-Sea, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Lauderdale-by-the-Sea was a Seller's Market.
Housing Prices in Lauderdale-by-the-Sea, FL
How much do homes in Lauderdale-by-the-Sea, FL cost?
Median Sold Price
$535,000
$456/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lauderdale-by-the-Sea was $535,000 in June 2024, down 17.7% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235.9K | $296K | +25.5% |
2 Bedrooms | $644.5K | $535K | -17.0% |
3 Bedrooms | $1.2M | $1.1M | -4.2% |
4 Bedrooms | $1.0M | $2.7M | +156.5% |
5+ Bedrooms | $642.2K | - | N/A |
Summary: Lauderdale-by-the-Sea housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes decreased by 17%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 156.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fort Lauderdale | $440.1K | $476.8K | +8.4% |
Pompano Beach | $355.5K | $360.2K | +1.3% |
Lauderdale-by-the-Sea | $650K | $535K | -17.7% |
Housing Supply in Lauderdale-by-the-Sea, FL
How many homes are available in Lauderdale-by-the-Sea, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
48 | 51 | +6.3% |
Summary: The Lauderdale-by-the-Sea real estate market had 51 homes for sale in June 2024, a 6.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 23 | 24 | +4.3% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lauderdale-by-the-Sea housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lauderdale-by-the-Sea in June 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
54 Days | 109 Days | +100.6% |
Summary: Homes in Lauderdale-by-the-Sea had an average of 109 days on market in Jun 2024, up by 100.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 5 homes were sold in Lauderdale-by-the-Sea; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.