Is Lauderdale Lakes, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lauderdale Lakes is a buyer's market

Buyer's
Market

Difference Since May 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

$155,500

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,875(+13.8%)

Key Takeaway

Homes in Lauderdale Lakes have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in Lauderdale Lakes was $155,500 in May 2024, up 13.8% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $98K$118K
+20.4%
2 $140K$152.9K
+9.2%
3 $372K$417K
+12.1%
4 $427K$449.5K
+5.3%
5+ $435K$425K
-2.3%

Summary: Lauderdale Lakes housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Cities

Lauderhill
+25.9%
Lauderdale Lakes
+13.8%
Fort Lauderdale
+8.0%
Tamarac
+6.6%
Oakland Park
+3.4%

Housing Supply in Lauderdale Lakes, FL

How many homes are available in Lauderdale Lakes, FL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
200212+6.0%

Summary: The Lauderdale Lakes real estate market had 212 homes for sale in May 2024, a 6.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 5858
0.0%
2 111124
+11.7%
3 2018
-10.0%
4 109
-10.0%
5+ 13
+200.0%

Summary: The Lauderdale Lakes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2428+16.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lauderdale Lakes, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Lauderdale Lakes in May 2024, up by 16.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% 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

May 2023May 2024CHANGE
64 Days59 Days-7.8%

Summary: Homes in Lauderdale Lakes had an average of 59 days on market in May 2024, down by 7.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lauderdale Lakes has remained consistent over time.

Summary: During May 2024, 28 homes were sold in Lauderdale Lakes; 36% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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