Is Lauderhill, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lauderhill is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Lauderhill was a Neutral Market.

Key Takeaway

Lauderhill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lauderhill, FL

How much do homes in Lauderhill, FL cost?

Median Sold Price

$195,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,687(+14.5%)

Key Takeaway

Homes in Lauderhill have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Lauderhill was $195,000 in February 2024, up 14.5% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $97.2K$105K
+8.0%
2 $150K$162K
+8.0%
3 $330K$379.4K
+15.0%
4 $425K$462.5K
+8.8%
5+ $372.5K$405K
+8.7%

Summary: Lauderhill housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 8.7%.

Median Sold Price Compared To Nearby Cities

Lauderdale Lakes
+15.4%
Lauderhill
+14.5%
Tamarac
+9.0%
Fort Lauderdale
+4.4%
Plantation
+3.5%

Housing Supply in Lauderhill, FL

How many homes are available in Lauderhill, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
312366+17.3%

Summary: The Lauderhill real estate market had 366 homes for sale in February 2024, a 17.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 7382
+12.3%
2 145181
+24.8%
3 7178
+9.9%
4 1718
+5.9%
5+ 67
+16.7%

Summary: The Lauderhill housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2435+45.8%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lauderhill, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Lauderhill in February 2024, up by 45.8% month-over-month. Of the 35 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% were sold over asking.

Days on Market for Lauderhill, FL

How long does it take to sell a home in Lauderhill, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
39 Days39 Days+0.8%

Summary: Homes in Lauderhill had an average of 39 days on market in Feb 2024, up by 0.8% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 35 homes were sold in Lauderhill; 54% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 11% 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 27 Days Ago

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