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 March 2023
At the same time last year, Lauderdale-by-the-Sea was a Seller's Market.
Key Takeaway
Lauderdale-by-the-Sea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 March 2023
Key Takeaway
Homes in Lauderdale-by-the-Sea have sold for 16% less than they did a year ago.
Summary: The median home sold price in Lauderdale-by-the-Sea was $535,000 in March 2024, down 16% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $296K | +24.6% |
| 2 Bedrooms | $600K | $535.3K | -10.8% |
| 3 Bedrooms | $1.1M | $1.2M | +15.9% |
| 4 Bedrooms | $1.2M | $1.8M | +51.2% |
| 5+ Bedrooms | $642.2K | - | N/A |
Summary: Lauderdale-by-the-Sea housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 51.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fort Lauderdale | $439.9K | $475K | +8.0% |
| Pompano Beach | $355.4K | $356.9K | 0.4% |
| Lauderdale-by-the-Sea | $637K | $535K | -16.0% |
Housing Supply in Lauderdale-by-the-Sea, FL
How many homes are available in Lauderdale-by-the-Sea, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 64 | 0.0% |
Summary: The Lauderdale-by-the-Sea real estate market had 64 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 31 | 27 | -12.9% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lauderdale-by-the-Sea housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderdale-by-the-Sea, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Lauderdale-by-the-Sea in March 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 79 Days | 67 Days | -15.7% |
Summary: Homes in Lauderdale-by-the-Sea had an average of 67 days on market in Mar 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lauderdale-by-the-Sea are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Lauderdale-by-the-Sea; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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