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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lutz is a seller's market

Buyer's
Market

Difference Since November 2022

Since last year, Lutz has remained a Seller's Market.

Key Takeaway

Lutz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lutz, FL

How much do homes in Lutz, FL cost?

Median Sold Price

$478,346

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

-$2,987(-0.6%)

Key Takeaway

Homes in Lutz have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Lutz was $478,346 in November 2023, down 0.6% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $122.2K$145.4K
+18.9%
2 $241K$269.5K
+11.8%
3 $395K$395.7K
0.2%
4 $569.9K$615K
+7.9%
5+ $800K$915K
+14.4%

Summary: Lutz housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Cities

Odessa
+15.3%
Keystone-Citrus Park
+4.4%
Tampa
+0.7%
Lutz
-0.6%
Land O Lakes
-4.5%

Housing Supply in Lutz, FL

How many homes are available in Lutz, FL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
292271-7.2%

Summary: The Lutz real estate market had 271 homes for sale in November 2023, a 7.2% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 109
-10.0%
2 1318
+38.5%
3 119112
-5.9%
4 112102
-8.9%
5+ 3830
-21.1%

Summary: The Lutz housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 38.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 21.1%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
6253-14.5%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lutz, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Lutz in November 2023, down by 14.5% month-over-month. Of the 53 sold homes, 60% were sold under asking, 30% were sold at asking, and 9% were sold over asking.

Days on Market for Lutz, FL

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

Average Sale Time

Nov 2022Nov 2023CHANGE
31 Days48 Days+56.1%

Summary: Homes in Lutz had an average of 48 days on market in Nov 2023, up by 56.1% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 53 homes were sold in Lutz; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 17% 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 1 Day Ago

Newest Listings in Lutz, FL

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