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 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
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
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $295.5K | +24.4% |
| 2 Bedrooms | $600K | $535K | -10.8% |
| 3 Bedrooms | $1.2M | $1.1M | -6.5% |
| 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 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 | $440.2K | $473.6K | +7.6% |
| Pompano Beach | $353.1K | $357.6K | +1.3% |
| Lauderdale-by-the-Sea | $640.6K | $535K | -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 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 67 | +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
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 28 | 29 | +3.6% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 2 | 2 | 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 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +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
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 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 101 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
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.
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