Is Lauderdale Lakes, 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 Lakes was a Seller's Market.
Key Takeaway
Lauderdale Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lauderdale Lakes, FL
How much do homes in Lauderdale Lakes, FL cost?
Median Sold Price
$159,250
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Lauderdale Lakes have sold for 17.5% more than they did a year ago.
Summary: The median home sold price in Lauderdale Lakes was $159,250 in June 2024, up 17.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99.9K | $117K | +17.1% |
| 2 Bedrooms | $139K | $154.2K | +11.0% |
| 3 Bedrooms | $387.5K | $417K | +7.6% |
| 4 Bedrooms | $427K | $449.5K | +5.3% |
| 5+ Bedrooms | $412.5K | $490K | +18.8% |
Summary: Lauderdale Lakes housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
| Lauderhill | $178.1K | $227K | +27.5% |
| Lauderdale Lakes | $135.5K | $159.2K | +17.5% |
| Fort Lauderdale | $440.1K | $476.8K | +8.4% |
| Tamarac | $299.7K | $314.8K | +5.1% |
| Oakland Park | $375.7K | $395K | +5.1% |
Housing Supply in Lauderdale Lakes, FL
How many homes are available in Lauderdale Lakes, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 200 | 193 | -3.5% |
Summary: The Lauderdale Lakes real estate market had 193 homes for sale in June 2024, a 3.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 56 | 58 | +3.6% |
| 2 Bedrooms | 113 | 106 | -6.2% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Lauderdale Lakes housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.6%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 29 | 9 | -69.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lauderdale Lakes, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Lauderdale Lakes in June 2024, down by 69.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Lauderdale Lakes, FL
How long does it take to sell a home in Lauderdale Lakes, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 60 Days | 29 Days | -51.5% |
Summary: Homes in Lauderdale Lakes had an average of 29 days on market in Jun 2024, down by 51.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lauderdale Lakes are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 9 homes were sold in Lauderdale Lakes; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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