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 neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Lauderdale Lakes was a Seller's Market.

Key Takeaway

Lauderdale Lakes is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Lauderdale Lakes, FL cost?

Median Sold Price

$125,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$29,000(+30.2%)

Key Takeaway

Homes in Lauderdale Lakes have sold for 30.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $62K$84.9K
+36.9%
2 $95K$125K
+31.6%
3 $290K$346.5K
+19.5%
4 $332K$422.5K
+27.3%
5+ $315K-
N/A

Median Sold Price Compared To Nearby Cities

Lauderdale Lakes
+30.2%
Fort Lauderdale
+19.4%
Lauderhill
+17.3%
Oakland Park
+14.5%
Tamarac
+12.0%

How many homes are available in Lauderdale Lakes, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
7782+6.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1916
-15.8%
2 4855
+14.6%
3 99
0.0%
4 12
+100.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
1312-7.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lauderdale Lakes, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
30 Days27 Days-8.4%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lauderdale Lakes are selling fast, if you're buying plan to act quickly.

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

About Lauderdale Lakes, FL

Lauderdale Lakes, FL has 82 homes for sale to choose from. The number of homes for sale in Lauderdale Lakes, FL increased by 6.5% between October 2022 and November 2022. In November 2022 median list price was $125,000 and the average listing age was 27 days. Listing prices have changed in this real estate market between October 2022 and November 2022: the cost of 1 bedroom properties went up by 36.9%, prices of 2 bedrooms properties increased by 31.6%, prices of 3 bedrooms properties went up by 19.5%, 4 bedrooms properties became 27.3% more expensive, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 15.8%, number of 2 bedrooms homes increased by 14.6%, volume of 3 bedrooms homes stayed the same, 4 bedrooms homes became 100% more available, the quantity of 5 bedrooms homes have not changed. Over 3 listings were sold over their listed price in November 2022 in Lauderdale Lakes, FL. In the same period over 4 listings were sold below the listed price and 5 listings were sold for the listed price.

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