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 July 2021

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.

How much do homes in Lutz, FL cost?

Median Sold Price

$451,385

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$86,871(+23.8%)

Key Takeaway

Homes in Lutz have sold for 23.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $62K$98K
+58.1%
2 $178K$220K
+23.6%
3 $297.5K$380K
+27.7%
4 $440K$549.9K
+25.0%
5+ $585.1K$743.2K
+27.0%

Median Sold Price Compared To Nearby Cities

Odessa
+32.4%
Land O Lakes
+27.6%
Keystone-Citrus Park
+23.9%
Lutz
+23.8%
Tampa
+17.0%

How many homes are available in Lutz, FL?

Number of Homes For Sale

Jun 2022Jul 2022%
311325+4.5%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 75
-28.6%
2 1115
+36.4%
3 127130
+2.4%
4 116118
+1.7%
5+ 5057
+14.0%

Number of Homes Sold

Jun 2022Jul 2022%
10586-18.1%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

37 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. 43% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
13 Days12 Days-8.7%

Breakdown of Home Sale Times

78 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Lutz, FL

Homes for sale in Lutz, FL have reached 325. The number of homes for sale in Lutz, FL increased by 4.5% between June 2022 and July 2022. The median list price of listings available in July 2022 was $451,385, while the average time on the real estate market was 12 days. Listing prices have changed in this real estate market between June 2022 and July 2022: prices of 1 bedroom properties went up by 58.1%, 2 bedrooms properties became 23.6% more expensive, prices of 3 bedrooms properties went up by 27.7%, prices of 4 bedrooms properties went up by 25%, the cost of 5 bedrooms properties went up by 27%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 28.6% less available, 2 bedrooms homes inventory increased by 36.4%, the quantity of 3 bedrooms homes went up by 2.4%, number of 4 bedrooms homes increased by 1.7%, number of 5 bedrooms homes increased by 14%. Lutz, FL housing market in July 2022 saw over 37 listings sold above listed price, more than 12 sold at listed price and over 37 sold below.

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